An entrepreneur runs a website that sells car tires online. Based on the Regression output below, how much in Advertising Budget do you predict is needed to sell 40 tires per day. (round to the nearest dollar) SUMMARY OUTPUT Regression Statistics Multiple R 0.93303 R Square 0.87055 Adjusted R Square 0.85616 Standard Error 4.91656 Observations 11 Standard Error P-Value Coefficients Intercept 12.5671 3.16973 0.0032807 Advertising Budget 0.07224 009286 0.0000277

An entrepreneur runs a website that sells car tires online. Based on the Regression output below, how much in Advertising Budget do you predict is needed to sell 40 tires per day. (round to the nearest dollar) SUMMARY OUTPUT Regression Statistics Multiple R 0.93303 R Square 0.87055 Adjusted R Square 0.85616 Standard Error 4.91656 Observations 11 Standard Error P-Value Coefficients Intercept 12.5671 3.16973 0.0032807 Advertising Budget 0.07224 009286 0.0000277

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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