# Question

A shoe store developed the following estimated regression equation relating sales to inventory investment and advertising expenditures.

y = 25 + 10x1 + 8x2

Where

x1 = inventory investment ($1,000s)

x1 = advertising expenditures ($1,000s)

y = sales ($1,000s)

a. Predict the sales resulting from a $15,000 investment in inventory and an advertising budget of $10,000.

b. Interpret b1 and b2 in this estimated regression equation.

y = 25 + 10x1 + 8x2

Where

x1 = inventory investment ($1,000s)

x1 = advertising expenditures ($1,000s)

y = sales ($1,000s)

a. Predict the sales resulting from a $15,000 investment in inventory and an advertising budget of $10,000.

b. Interpret b1 and b2 in this estimated regression equation.

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