Question: Regression analysis was applied between $ sales (y) and $ advertising (x) across all the branches of a major international corporation. The following regression function

Regression analysis was applied between $ sales (y) and $ advertising (x) across all the branches of a major international corporation. The following regression function was obtained:

y = 5000 + 7.25x

If the advertising budget of one branch of the corporation is $30,000, then the predicted $ value in their sales will be:

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 Mathematics Questions!

1a Regression analysis was applied between $ sales (y) and $ advertising (x) across all the branches of a major international corporation. The following regression function was obtained: Y = 5000 +...

Regression analysis was applied between $ sales (y) and $ advertising (x) across all the branches of a major international corporation. The following regression function was obtained. y = 5000 +...

The range of the product moment correlation coefficient is -1 to 0. 0 to -1. -1 to 1. 1 to 0. Which of the following would not represent the product moment correlation? r=0.99. r=1.09. r=-1. r=1....

QUESTION 12 Given the demand and forecast values shown in the following table, Period Demand Forecast June 150 161 July 168 August 210 September 226 October 197 calculate the forecasting value for...

please read carefully! thanks QUESTION 14 Regression analysis was applied between $ sales (y) and $ advertising (x) in a corporation. The following relationship was found: y = 5000+ 7.25*x. If the...

Simple linear regression analysis was applied between sales ( y in $1,000) and advertising ( x in $100), and the following regression function was obtained: y^=12+1.8xy^=12+1.8x. The following...

Simple linear regression analysis was applied between sales (y in $1,000) and advertising (x in $100), and the following regression function was obtained: y^=12+1.8x. The following results for...

Q11. Regression analysis was applied between sales (in $1000, Y) and advertising (in $100, X), and the following regression function was obtained: Y = 20 + 2.1X. Based on this estimated regression...

Simple linear regression analysis was applied between sales (y in $1,000) and advertising (x in $100), and the following regression function was obtained for a dataset with n=17: y^=12+1.8x. In...

Simple linear regression analysis was applied between sales ( y in $1,000) and advertising ( x in $100), and the following regression function was obtained for a dataset with n=17n=17:...

The business uses an existing system that performs various functions such as keeping record of financial transactions, store manager responsibilities and activities, point-of-sale (PoS), report...

Where would you put Ford in terms of competitive position? Why? The old phrase, The bigger they are, the harder they fall, perfectly describes what has happened to the U.S. auto industry over the...

6 Explain two strategies for working out the meaning of unfamiliar words.

Instructions For this assignment, you have these two options. Only select one to complete this week: Option 1: Assume that you have been hired as a consultant by the president of Camerons Coffee, a...

3. Im trying to point out what we need to do to make this happen

1. I try to create an image of the message

4. I try to make them feel what I really mean (1 is related to the visionary, 2 to the logical, 3 to action and 4 to the emotional).