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azamat
2 years ago
10

Can someone answer this lol i know its easy but ive been on this one for an hour and im fkin tired PLEASEEEEEEEE put the RIGHT A

NSWER Even if 2 people answered but its wrong PLEASEEEEEEEEE put the right answer as a comment im about to fail this quiz if it wrong again

Mathematics
1 answer:
Strike441 [17]2 years ago
5 0

Download Doubtnut... and click pic nd send it..

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The fitted regression is Sales = 832 − 28.2 Price. (a-1) If Price = 1, what is the prediction for Sales? (Round your answer to 1
almond37 [142]

Answer:

Part (a-1): The prediction for Sales is 803.8.

Part (a-2): The correct option is: An increase in price decreases sales.

Part (B): The prediction for sales is 211.66

Part (C): The intercept is meaningful as sales will be maximized when price is zero.

Step-by-step explanation:

Consider the provided regression:

Sales = 832 − 28.2 Price

(a-1) If Price = 1, what is the prediction for Sales?

Substitute Price = 1 in above regression.

Sales = 832 − 28.2 (1) = 803.8

Hence, the prediction for Sales is 803.8.

Sales (a-2) Choose the correct statement.

Here we can observe that as we increase the price, sales decrease.

Thus, the correct option is: An increase in price decreases sales.

(b) If Price = 22, what is the prediction for Sales?

Substitute Price = 22 in above regression.

Sales = 832 − 28.2 (22)

Sales = 832 − 620.4

Sales = 211.66

Hence, the prediction for sales is 211.66

Sales (c) Choose the right option.

As we increase the price, sales decrease that means the sales will be maximum if the price is 0.

The intercept is meaningful as sales will be maximized when price is zero.

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Step-by-step explanation:

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