es (b-2) The coefficient of CompetingAds says that each additional $1,000 of "competitors' advertising expenditures" O takes away 0.1461 from sales (in thousands of dollars). Ⓒadds about 6.848 to sales (in thousands of dollars). O takes away 13.74 from sales (in thousands of dollars). O reduces sales by about 6.848 from sales (in thousands of dollars). (b-3) The coefficient of Price says that each additional $1 of advertised price reduces sales by about 0.1461 from sales (in thousands of dollars) O takes away 13.74 from sales (in thousands of dollars). adds about 6.848 to sales (in thousands of dollars). O reduces sales by about 6.848 from sales (in thousands of dollars). (c) The intercept is not meaningful, since a mountain bike cannot sell for zero, which will happen if all the variables are zero. O False O True (d) Make a prediction for Sales when FloorSpace=100, CompetingAds = 102, and Price = 1,023. (Enter your answer in thousands. Round your answer to 2 decimal places.) Sales thousand
es (b-2) The coefficient of CompetingAds says that each additional $1,000 of "competitors' advertising expenditures" O takes away 0.1461 from sales (in thousands of dollars). Ⓒadds about 6.848 to sales (in thousands of dollars). O takes away 13.74 from sales (in thousands of dollars). O reduces sales by about 6.848 from sales (in thousands of dollars). (b-3) The coefficient of Price says that each additional $1 of advertised price reduces sales by about 0.1461 from sales (in thousands of dollars) O takes away 13.74 from sales (in thousands of dollars). adds about 6.848 to sales (in thousands of dollars). O reduces sales by about 6.848 from sales (in thousands of dollars). (c) The intercept is not meaningful, since a mountain bike cannot sell for zero, which will happen if all the variables are zero. O False O True (d) Make a prediction for Sales when FloorSpace=100, CompetingAds = 102, and Price = 1,023. (Enter your answer in thousands. Round your answer to 2 decimal places.) Sales thousand
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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