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The estimated regression equation to predict sales based on advertising is

The estimated regression equation to predict sales based on advertising is

MATLAB: An Introduction with Applications
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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A corporation owns several companies. The strategic planner for the corporation believes dollars spent on advertising can to some extent be a predictor of total sales dollars. As an aid in long-term planning, she gathers the following sales and advertising information from several of the companies for 2013 ($ millions). ywSales xAdvertising 148 12.5 80 8. 338 21.6 900 60 541 37.6 100 150 16.8 379 41.2 The estimated regression equation to predict sales based on advertising is 80 8 338 21.6 900 60 541 37.6 100 150 16.8 379 41.2 The estimated regression equation to predict sales based on advertising is A, Round to 2 decimal places
Transcribed Image Text:A corporation owns several companies. The strategic planner for the corporation believes dollars spent on advertising can to some extent be a predictor of total sales dollars. As an aid in long-term planning, she gathers the following sales and advertising information from several of the companies for 2013 ($ millions). ywSales xAdvertising 148 12.5 80 8. 338 21.6 900 60 541 37.6 100 150 16.8 379 41.2 The estimated regression equation to predict sales based on advertising is 80 8 338 21.6 900 60 541 37.6 100 150 16.8 379 41.2 The estimated regression equation to predict sales based on advertising is A, Round to 2 decimal places
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