The simple interest formula is I = P * r * t
P is the principal (2,000)
r is the interest rate (7% or 0.07)
t is the time (5)
2000 * 0.07 * 5 = 700
$700.00 is the interest
Joe has to pay $700.00 in interest.
Hope this helps :D
Answer:
∆y = 9
∆x = 6
Slope = 3/2 or 1.5
It looks like you erased it, but you had the answer correct on your paper.
Step-by-step explanation:
Answer:
2
Step-by-step explanation:
slope = (difference in y)/(difference in x)
slope = (7 - 3)/(4 - 2)
slope = 4/2 = 2
Answer: 2
Answer:
1.8 undamaged packages
Step-by-step explanation:
3/1000 x 600
Multiply
1.8
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>
