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:
11.5 in
Step-by-step explanation:
Answer: The value of y=9.
Answer:
156km
Step-by-step explanation:
Given data
The red Maserati traveled at a speed of 120km/h for 5 hours one day.
Distance = speed*time
Distance= 120*5
Distance= 600km
The green Ford Pickup traveled at a speed of 74km/h for 6 hours
Distance = speed*time
Distance= 74*6
Distance= 444km
Hence the difference is
=600-444
=156km
Divide 3 on the numerator and denominator.
Hoped this helped.
~Bob Ross®
