The following estimated regression equation has been proposed to predict sales at a fast food outlet. ŷ= 51 - 5x₁ + 25x₂ + 12x3 where x₁ = competitor's previous day's sales (in $1,000s) x₂ = population within 1 mile (in 1,000s) x3 = 1 if radio advertising was used; 0 otherwise ŷ estimated sales (in $1,000s) Predict sales (in dollars) for the store with the competitor's previous day's sale of $6,000, a population of 29,000 within 1 mile, and five radio advertisements. $758 X Need Help? Read It
The following estimated regression equation has been proposed to predict sales at a fast food outlet. ŷ= 51 - 5x₁ + 25x₂ + 12x3 where x₁ = competitor's previous day's sales (in $1,000s) x₂ = population within 1 mile (in 1,000s) x3 = 1 if radio advertising was used; 0 otherwise ŷ estimated sales (in $1,000s) Predict sales (in dollars) for the store with the competitor's previous day's sale of $6,000, a population of 29,000 within 1 mile, and five radio advertisements. $758 X Need Help? Read It
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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The following estimated regression equation has been proposed to predict sales at a fast food outlet.
ŷ = 51 - 5x₁ + 25x₂ + 12x3
where
f1
1
Predict sales (in dollars) for the store with the competitor's previous day's sale of $6,000, a population of 29,000 within 1 mile, and five radio advertisements.
$758
X
?
x₁ = competitor's previous day's sales (in $1,000s)
X1
Need Help? Read It
Q
x₂ = population within 1 mile (in 1,000s)
X3
= 1 if radio advertising was used; 0 otherwise
ý = estimated sales (in $1,000s)
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Transcribed Image Text:esc
The following estimated regression equation has been proposed to predict sales at a fast food outlet.
ŷ = 51 - 5x₁ + 25x₂ + 12x3
where
f1
1
Predict sales (in dollars) for the store with the competitor's previous day's sale of $6,000, a population of 29,000 within 1 mile, and five radio advertisements.
$758
X
?
x₁ = competitor's previous day's sales (in $1,000s)
X1
Need Help? Read It
Q
x₂ = population within 1 mile (in 1,000s)
X3
= 1 if radio advertising was used; 0 otherwise
ý = estimated sales (in $1,000s)
@
f2
2
*
W
f3
#
*
3
E
f4
*****
A
$
4
R
f5
40
do
O
5
f6
T
4-
A
6
f7
♫+
Y
C
&
7
fg
KAA
U
*
fg
8
hp
DII
f10
o
DDI
9
f11
O
f12.
insert
P
prt sc
+
[
}
K
]
delete
backspa
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