See the Regression model below. How much in Advertising do you predict is need to sell 350 tickets? (round to nearest dollar)
See the Regression model below. How much in Advertising do you predict is need to sell 350 tickets? (round to nearest dollar)
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
Related questions
Question

Transcribed Image Text:See the Regression model below. How much in Advertising do you predict is need to sell 350
tickets? (round to nearest dollar)
SUMMARY OUTPUT
Regression Statistics
Multiple R
R Square
Adjusted R Square
Standard Error
Observations
Intercept
Advertising
$767
$135
$246
$828
$117
0.71787
0.51533
0.46686
53.7277
12
Coefficients
110.23
2.05
Standard
Error
P-Value
98.66176522 0.009055809
1.670315059 0.008562907
Expert Solution

Step 1
The intercept value (a) is 110.23.
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