Helpp! how do i do this

The fitted regression is Sales = 832 − 28.2 Price. (a-1) If Price = 1, what is the prediction for Sales? (Round your answer to 1

almond37 [142]

Answer:

Part (a-1): The prediction for Sales is 803.8.

Part (a-2): The correct option is: An increase in price decreases sales.

Part (B): The prediction for sales is 211.66

Part (C): The intercept is meaningful as sales will be maximized when price is zero.

Step-by-step explanation:

Consider the provided regression:

Sales = 832 − 28.2 Price

(a-1) If Price = 1, what is the prediction for Sales?

Substitute Price = 1 in above regression.

Sales = 832 − 28.2 (1) = 803.8

Hence, the prediction for Sales is 803.8.

Sales (a-2) Choose the correct statement.

Here we can observe that as we increase the price, sales decrease.

Thus, the correct option is: An increase in price decreases sales.

(b) If Price = 22, what is the prediction for Sales?

Substitute Price = 22 in above regression.

Sales = 832 − 28.2 (22)

Sales = 832 − 620.4

Sales = 211.66

Hence, the prediction for sales is 211.66

Sales (c) Choose the right option.

As we increase the price, sales decrease that means the sales will be maximum if the price is 0.

The intercept is meaningful as sales will be maximized when price is zero.

3 0

3 years ago

Find the value of Q. No links plz.

Crank

Answer:

(rounded)17.2=Q

Step-by-step explanation:

Q= 13/cos41

4 0

2 years ago

32 1/8% as a fraction in simplest form.

Ghella [55]

32's 1/8 = 32/8 = 4
This is the simplest form

8 0

3 years ago

Read 2 more answers

phyllis invested 66000 dollars, a portion earning simple interest rate of 5% per year and the rest earning a rate of 7% per year

Lelechka [254]

<u>Answer: </u>

Physliis invested 32000 dollar at 5% interest rate and 34000 dollar at 7% interest rate.

<u>Solution:</u>

Let Phyllis invest ‘x’ dollar at 5% per year and (66000-x) dollar at 7% per year.

We know,

$\text { Simple interest }=\frac{\text {Principal} \times r a t e \times T i m e}{100}$

In the question it is given that Simple interest earned from both the investments at the end of the year is $3980.

Using the given below equation, we will try to find out the investments at each rate.

$\begin{array}{l}{\frac{x \times 5 \times 1}{100}+\frac{(66000-x) \times 7 \times 1}{100}=3980} \\\\ {\frac{5 x}{100}+\frac{462000-7 x}{100}=3980} \\\\ {\frac{5 x+462000-7 x}{100}=3980} \\\\ {-2 \mathrm{x}+462000=3980 \times 100} \\\\ {-2 \mathrm{x}=398000-462000} \\\\ {-2 \mathrm{x}=-64000} \\\\ {\mathrm{x}=\frac{-64000}{-2}}\end{array}$

x = 32000

We can calculate amount for 7% interest rate by,

(66000-32000) =34000

Thus Phyllis invested 32000 dollar at 5% interest rate and 34000 dollar at 7% interest rate.

8 0

3 years ago

What is value of zero in 42.02?

Kryger [21]

tenths because 42.02 it would be tenths the first decimal is tenths and second is hundreths

7 0

2 years ago