The U.S. online grocery market is estimating sales worth approximately $29.7 billionby 2021. One of the biggest situational factors that influence the amount spent by acustomer is the distance that that customer lives from its closest grocery store. Usingthe OLS method, the simple regression equation was estimated as: y = 40 + 3.5x.Find 1) the predicted amount a customer spends if they live 10 miles from theclosest grocery store, as well as 2) the error amount. Note: the observed amountspent by a customer that lives 10 miles away is $85.50.a) $75.00, $10.50Ob) $75.00, -$10.50c) $73.00, $12.50d) $73.00, -$12.50

Answered: The U.S. online grocery market is…

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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