Answer:
Sales are expected to increase positively.
Step-by-step explanation:
The model is y =7-3*X1+5*X2
Here, y is the depended variable and X1 and X2 are independent variable.
Holding the unit price constant X2 (television advertisement) is increase by $1 dollar
SSR= 3500
SSE=1500
So, TSS = SSR+SSE = (3500+1500) = 5000
Now r^2= 1 - (SSR/TSS) = 1 - (3,500/5,000) = 1 - 0.70 = 0.30
So, the sample correlation coefficient (r) = (0.3)^(1/2) = 0.547
We can conclude that sample correlation indicates a strong positive relationship.
8-5/5-0= Good Luck! Hope this helped!
The difference in the cost per ounce is $0.05 per ounce
<h3>Fractions and proportion</h3>
Fractions are written as the ratio of two integers
If a 12-ounce jar of jam costs $2.40, the cost per ounce will be:
Unit cost = 2.40/12
Unit cost = $0.2
Similarly, if a 16-ounce jar costs $4.00, the price of a ounce will be:
Unit cost = 4/16
Unit cost. =$0.25
difference = $0.25 - $0.2
difference = $0.05
Hence the difference in the cost per ounce is $0.05 per ounce
Learn more on unit price here: brainly.com/question/7718596
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