A linear model was fit to predict weekly Sales of frozen pizza (in pounds) from the average Price ($/unit) charged by a sample of stores in a city in 39 weeks over a three -year period. The average Sales were 63, 200 pounds (SD = 10, 670 pounds), and the correlation between Price and Sales was -0.529. If the Price in a particular week was two SD higher than the mean Price, how much pizza would you predict was sold that week?
A linear model was fit to predict weekly Sales of frozen pizza (in pounds) from the average Price ($/unit) charged by a sample of stores in a city in 39 weeks over a three -year period. The average Sales were 63, 200 pounds (SD = 10, 670 pounds), and the correlation between Price and Sales was -0.529. If the Price in a particular week was two SD higher than the mean Price, how much pizza would you predict was sold that week?
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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Transcribed Image Text:A linear model was fit to predict weekly Sales of frozen pizza (in pounds) from the
average Price ($/unit) charged by a sample of stores in a city in 39 weeks over a three
-year period. The average Sales were 63, 200 pounds (SD = 10, 670 pounds), and
the correlation between Price and Sales was -0.529. If the Price in a particular week
was two SD higher than the mean Price, how much pizza would you predict was sold
that week?
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