The following is a scatterplot of SALES regressed on CATALOGS. The regression equation is: estimated SALES-247.0745+78.6075*CATALOGS R-square=2175 $8,000 $7,000 SALES vs. CATALOGS SALES 247.1 78.61*X 0.218 . **** . SALES -SALES
The following is a scatterplot of SALES regressed on CATALOGS. The regression equation is: estimated SALES-247.0745+78.6075*CATALOGS R-square=2175 $8,000 $7,000 SALES vs. CATALOGS SALES 247.1 78.61*X 0.218 . **** . SALES -SALES
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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Transcribed Image Text:The following is a scatterplot of SALES regressed on CATALOGS.
The regression equation is: estimated SALES=247.0745+78.6075*CATALOGS
R-square= .2175
SALES
$8,000
$7,000
$6,000
$5,000
$4,000
$3,000
$2,000
$1,000
SALES vs. CATALOGS
SALES 247.1 78.61*X
R: 0.218
$0
4 6 8 10 12 14 16 18 20 22 24 26
CATALOGS
SALES
SALES
If 22 catalogs were sent to a household, what would be the estimated amount of sales? Since the dependent variable is in dollars, use 2 decimal places in your answer and use
the proper rules of rounding. Do not put the dollar sign in your answer!
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