QUESTION 8 Researchers used the least-squares method to study the relationship between the length of time (in munues) a commercial was shown during a week and the number of products purchased. As one of the researchers, use the simple linear regresssion equation to find the predicted number of products purchased if the commercial is shown for 24.91 during the next week. It is known that the y- intercept of the estimated regression line is 52.56, the slope of the estimated regression line is 0.79. Round your answer to 2 decimals (do not round to a whole number, if the answer is not a whole number). For example, for 45.82 products, enter 45.82, not 46.

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

8

QUESTION 8
Researchers used the least-squares method to study the relationship between the length of time (in munues) a commercial was shown during a week and the number of products purchased. As one
of the researchers, use the simple linear regresssion equation to find the predicted number of products purchased if the commercial is shown for 24.91 during the next week. It is known that the y-
intercept of the estimated regression line is 52.56, the slope of the estimated regression line is 0.79. Round your answer to 2 decimals (do not round to a whole number, if the answer is not a
whole number). For example, for 45.82 products, enter 45.82, not 46.
Transcribed Image Text:QUESTION 8 Researchers used the least-squares method to study the relationship between the length of time (in munues) a commercial was shown during a week and the number of products purchased. As one of the researchers, use the simple linear regresssion equation to find the predicted number of products purchased if the commercial is shown for 24.91 during the next week. It is known that the y- intercept of the estimated regression line is 52.56, the slope of the estimated regression line is 0.79. Round your answer to 2 decimals (do not round to a whole number, if the answer is not a whole number). For example, for 45.82 products, enter 45.82, not 46.
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