Bob is a statistics textbook author and aspiring photographer who sells his 13" x 19" prints on consignment at a local store. To improve his inventory management, Bob would like to develop a model to predict the number of prints he will sell in a week. The accompanying table provides the following data from a random selection of summer weeks over the past few years: the number of prints sold per week, the price of the prints during the week, the number of prints in inventory at the start of the week, and the season (in-season or off-season). Complete parts a through j below. Click the icon to view the data for the art sales. B. Price (X) C. Inventory (X2) Complete the regression equation for the final model. Note that the coefficient is 0 for any variable that was removed. ŷ=+(x+(x2+()x3 (Type integers or decimals rounded to four decimal places as needed.)

MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
icon
Related questions
Question

please answer in text form and in proper format answer with must explanation , calculation for each part and steps clearly

Bob is a statistics textbook author and aspiring photographer who sells his 13" x 19" prints on consignment at a local store. To improve
his inventory management, Bob would like to develop a model to predict the number of prints he will sell in a week. The accompanying
table provides the following data from a random selection of summer weeks over the past few years: the number of prints sold
per week, the price of the prints during the week, the number of prints in inventory at the start of the week, and the season (in-season
or off-season). Complete parts a through j below.
Click the icon to view the data for the art sales.
B. Price (X)
C. Inventory (X2)
Complete the regression equation for the final model. Note that the coefficient is 0 for any variable that was removed.
ŷ=+(x+(x2+()x3
(Type integers or decimals rounded to four decimal places as needed.)
Transcribed Image Text:Bob is a statistics textbook author and aspiring photographer who sells his 13" x 19" prints on consignment at a local store. To improve his inventory management, Bob would like to develop a model to predict the number of prints he will sell in a week. The accompanying table provides the following data from a random selection of summer weeks over the past few years: the number of prints sold per week, the price of the prints during the week, the number of prints in inventory at the start of the week, and the season (in-season or off-season). Complete parts a through j below. Click the icon to view the data for the art sales. B. Price (X) C. Inventory (X2) Complete the regression equation for the final model. Note that the coefficient is 0 for any variable that was removed. ŷ=+(x+(x2+()x3 (Type integers or decimals rounded to four decimal places as needed.)
Expert Solution
steps

Step by step

Solved in 2 steps

Blurred answer
Recommended textbooks for you
MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
Statistics
ISBN:
9781119256830
Author:
Amos Gilat
Publisher:
John Wiley & Sons Inc
Probability and Statistics for Engineering and th…
Probability and Statistics for Engineering and th…
Statistics
ISBN:
9781305251809
Author:
Jay L. Devore
Publisher:
Cengage Learning
Statistics for The Behavioral Sciences (MindTap C…
Statistics for The Behavioral Sciences (MindTap C…
Statistics
ISBN:
9781305504912
Author:
Frederick J Gravetter, Larry B. Wallnau
Publisher:
Cengage Learning
Elementary Statistics: Picturing the World (7th E…
Elementary Statistics: Picturing the World (7th E…
Statistics
ISBN:
9780134683416
Author:
Ron Larson, Betsy Farber
Publisher:
PEARSON
The Basic Practice of Statistics
The Basic Practice of Statistics
Statistics
ISBN:
9781319042578
Author:
David S. Moore, William I. Notz, Michael A. Fligner
Publisher:
W. H. Freeman
Introduction to the Practice of Statistics
Introduction to the Practice of Statistics
Statistics
ISBN:
9781319013387
Author:
David S. Moore, George P. McCabe, Bruce A. Craig
Publisher:
W. H. Freeman