Question: Use the estimated regression equation below for a small business to answer the following question. Regression Equation Variable Descriptions Purchase Rate is the percentage of

Use the estimated regression equation below for a small business to answer the following question.

Regression Equation

Variable Descriptions

Purchase Rate is the percentage of visitors to a website that ended up making a purchase on a given day. In the data, these are measured as whole numbers

(

. 8 % = 8) .

Prospecting Emails is the total number of prospecting emails sent to potential clients on a given day. These are measured in number of emails sent. Assume it is statistically significant at the

5 %

level. Hint, please be sure to pay attention to the units.

Based on the model above, predict the purchase rate for if

800

prospecting emails were sent. Round your final answer to

2

decimals. Note, you do NOT need to type the units. We just want the number!

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