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A retail store used a regression model to estimate this year's profits (in dollars). It analyzed its profits as a function of last year's profits, the amount spent on renovations within the last year, and a measure a brand awareness from a national survey. The output from the regression model is shown below. Standard P- Coefficients t Stat Error value Intercept -0.849 0.163 -5.2201 0.000 Last Year's Profit 1.048 0.431 2.432 0.023 Amount Spent on Renovations 2.390 0.996 2.400 0.025 Brand Awareness Measure 1105.209 1200.821 0.920 0.0258 Last year's profits were $100,000. There were no renovations. The brand awareness measure was 9 on a scale of 1-10. Of the following, which best estimates this year's store profits? O $115,000 $100,000 $2,000 O $900,000

A retail store used a regression model to estimate this year's profits (in dollars). It analyzed its profits as a function of last year's profits, the amount spent on renovations within the last year, and a measure a brand awareness from a national survey. The output from the regression model is shown below. Standard P- Coefficients t Stat Error value Intercept -0.849 0.163 -5.2201 0.000 Last Year's Profit 1.048 0.431 2.432 0.023 Amount Spent on Renovations 2.390 0.996 2.400 0.025 Brand Awareness Measure 1105.209 1200.821 0.920 0.0258 Last year's profits were $100,000. There were no renovations. The brand awareness measure was 9 on a scale of 1-10. Of the following, which best estimates this year's store profits? O $115,000 $100,000 $2,000 O $900,000

MATLAB: An Introduction with Applications
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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A retail store used a regression model to estimate this year's profits (in dollars). It analyzed its profits as a function of last year's profits, the amount spent on renovations within the last year, and a measure a brand awareness from a national survey. The output from the regression model is shown below. Standard P- Coefficients t Stat Error value Intercept -0.849 0.163 -5.2201 0.000 Last Year's Profit 1.048 0.431 2.432 0.023 Amount Spent on Renovations 2.390 0.996 2.400 0.025 Brand Awareness Measure 1105.209 1200.821 0.920 0.0258 Last year's profits were $100,000. There were no renovations. The brand awareness measure was 9 on a scale of 1-10. Of the following, which best estimates this year's store profits? O $115,000 $100,000 O $2,000 O $900,000
Transcribed Image Text:A retail store used a regression model to estimate this year's profits (in dollars). It analyzed its profits as a function of last year's profits, the amount spent on renovations within the last year, and a measure a brand awareness from a national survey. The output from the regression model is shown below. Standard P- Coefficients t Stat Error value Intercept -0.849 0.163 -5.2201 0.000 Last Year's Profit 1.048 0.431 2.432 0.023 Amount Spent on Renovations 2.390 0.996 2.400 0.025 Brand Awareness Measure 1105.209 1200.821 0.920 0.0258 Last year's profits were $100,000. There were no renovations. The brand awareness measure was 9 on a scale of 1-10. Of the following, which best estimates this year's store profits? O $115,000 $100,000 O $2,000 O $900,000
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