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:
Compound interest = Rs 1,575 (Approx.)
Step-by-step explanation:
Given:
Amount invested = R.s 6,500
Rate of interest = 7.5% per annum
Number of year = 3 year
Find:
Amount of compound interest
Computation:
Compound interest = P[(1+r)ⁿ - 1]
Compound interest = 6500[(1+7.5%)³ - 1]
Compound interest = 6500[(1+0.075)³ - 1]
Compound interest = 6500[(1.075)³ - 1]
Compound interest = 6500[1.2423 - 1]
Compound interest = 6500[0.2423]
Compound interest = 1574.95
Compound interest = Rs 1,575 (Approx.)
Answer:
121
Step-by-step explanation:
Given data as per the question
Standard deviation = 
= 840
Margin of error = E = 150
Confidence level = c = 95%
For 95% confidence, z = 1.96
based on the above information, the minimum number of clients surveyed by the travel agent is
= 120.47
= 121
hence, the 121 number of clients to be surveyed
Therefore we applied the above formula to determine the minimum number of clients
Answer:
x = -4
Step-by-step explanation:
Distribute:
-2(x + 5) = -2
-2(x) -2(5) = -2
Multiply:
-2(x) -2(5) = -2
-2x - 10 = -2
Add 10 on both sides:
-2x - 10 = -2
+10 +10
-2x = 8
Divide by -2 on both sides:
-2x = 8
/-2 /-2
x = -4
