Question: :Question 4 What would be the multiple regression equation for examining the relationship among sales, price, and the number of radio ads?Group of answer choices:Sales

:Question 4What would be the multiple regression equation for examining the relationship among sales, price, and the number of radio ads?Group of answer choices:Sales =9,406.6336.94\times Price +19.82\times AdsSales =9,406.619.82\times Price +336.94\times AdsSales =8,763.2+123.78\times Price +20.23\times AdsSales =8,763.2123.78\times Price +20.23\times AdsQuestion 5What is the correlation coefficient of this equation? (2 decimals)Question 6Based on this regression equation, if they drop the price for the basic carwash by $0.20, what would be the expected change in sales? (Round your answer up or down to the nearest whole number.)Question 7Based on this regression equation, if they increased the number of ads for the basic carwash by 20, what would be the expected change in sales? (Round your answer up or down to the nearest whole number.)Question 8What is the of this equation? (round to 2 decimals)Question 9What is the forecast for the number of basic carwashes if the price were $10.60 and there were 95 radio ads? (Round your answer up or down to the nearest whole number.)Question 10What is the forecast for the number of basic carwashes if the price were $10.25 and there were 120 radio ads? (Round your answer up or down to the nearest whole number.)
 :Question 4What would be the multiple regression equation for examining the

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!