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:
two real, unequal roots
Step-by-step explanation:
y is definied as y = 3x - 1. Substitute 3x - 1 for y in xy = 9, obtaining:
x(3x - 1) = 9. Then:
3x^2 - x - 9 = 0. In this quadratic, the coefficients are a = 3, b = -1 and c = -9.
Calculating the discriminant b^2 - 4ac, we get (-1)^2 - 4(3)(-9), or 1 + 108, or 109. Because the discriminant is positive, we have two real, unequal roots.
Answer:
Kerri
calculate z scores z= (x - xbar)/stdev
Kerri = 1.7
Cade = .7
Vincent = 1
Step-by-step explanation:
Answer:
Step-by-step explanation:
A = 25% of 16 =
Selling price after reduction = 16 - 2 = $14
B= 25% of 14
= 3.5
Selling price = 14 - 3.5 = $10.5
C = 25% of 10.5
= 2.625 = $ 2.63
Selling price = 10.5 - 2.63 = $ 7.87