Answer:
(A) For each additional hundred dollars spent on advertising, sales are predicted to increase by $2,380.
Step-by-step explanation:
Regression isa statistical equation, denoting relationship between independent (causal) variable(s) & dependent (effected) variable.
y = a <u>+</u> bx
where y = dependent variable, x = dependent variable, a (intercept) = autonomous value of y, b (slope) = change in y due to change in x
Regression equation of independent variable (x) as advertising expenditure & dependent variable (y) sales : y = 24.45 + 2.38x
Sales are in thousands of dollars, advertising expenditure is in hundreds of dollars. So, the interpretations are :
- Intercept interpretation : When there is zero advertising expenditure, sales are 24.45 thousands i.e $24450
- Slope Interpretation :<u> When advertisement expenditure change (rise) by 1 hundred, sales change (rise) by 2.38 thousand i.e</u><u> </u><u>$2380</u>
Answer:
Part A) see the explanation
Part B)
Step-by-step explanation:
Part A)
we know that
A relationship between two variables, x, and C, represent a proportional variation if it can be expressed in the form or
Let
C ---> is the total cost (represent the output or dependent variable)
x ----> is the number of books (represent the input or independent variable)
In this problem
we have a proportional relationship between the variables x and C
Part B) we know that
The linear equation is given by
The constant of proportionality k is the same that the slope or unit rate of the linear equation
In this problem the constant k is given
so
For x=12 books
substitute in the equation and solve for C
In function notation
Set them into slope-intercept forms of equations then set those equations equal to each other and solve for x and y. y = 34x - 5 and y = -14x+3. Set those equal to each other, solve for x to get x = 1/6. Sub in that x value to get y = 2/3. The point where they intersect is the solution of the system; in other words, where on both lines we have the exact same (x, y) value.
Answer:
w=40
Step-by-step explanation:
120*1/3=40
Therefore, w=40