Homework Help is Here – Start Your Trial Now!
Math
Statistics
The table below shows the regression output with sales as the dependent variable and advertising expenditure ($) and time period, t as the independent variables. What is the estimated sales when the advertising expenditure is $1000 and the time period is 5? Intercept Advertising exp t O 120000 O 121769 O 140000 O 150000 Coefficientsandard Err t Stat P-value ! 0.56972 31232.5 46332.7 0.67409 -0.06504 1.21555 -0.05351 0.96219 18120.3 10091.3 1.79565 0.21439

The table below shows the regression output with sales as the dependent variable and advertising expenditure ($) and time period, t as the independent variables. What is the estimated sales when the advertising expenditure is $1000 and the time period is 5? Intercept Advertising exp t O 120000 O 121769 O 140000 O 150000 Coefficientsandard Err t Stat P-value ! 0.56972 31232.5 46332.7 0.67409 -0.06504 1.21555 -0.05351 0.96219 18120.3 10091.3 1.79565 0.21439

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
See similar textbooks
icon
Related questions
Question

Please help!

The table below shows the regression output with sales as the dependent variable and advertising expenditure ($) and time period, t as the independent variables. What is the estimated sales when the advertising expenditure is $1000 and the time period is 5? Intercept Advertising exp t O 120000 O 121769 O 140000 O 150000 . Previous Gra Coefficientsandard Errt Stat P-value ! 31232.5 46332.7 0.67409 0.56972 -0.06504 1.21555 -0.05351 0.96219 18120.3 10091.3 1.79565 0.21439 ^ Next ▸ 1:47 PM 5/8/2023
Transcribed Image Text:The table below shows the regression output with sales as the dependent variable and advertising expenditure ($) and time period, t as the independent variables. What is the estimated sales when the advertising expenditure is $1000 and the time period is 5? Intercept Advertising exp t O 120000 O 121769 O 140000 O 150000 . Previous Gra Coefficientsandard Errt Stat P-value ! 31232.5 46332.7 0.67409 0.56972 -0.06504 1.21555 -0.05351 0.96219 18120.3 10091.3 1.79565 0.21439 ^ Next ▸ 1:47 PM 5/8/2023
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 3 steps

SEE SOLUTIONCheck out a sample Q&A here
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
SEE MORE TEXTBOOKS