Regression Analysis A local grocery store wants to predict its daily sales in dollars.The manager believes that the amount of newspaper advertising significantly affects sales.He randomly selects 7 days of data consisting of daily grocery store sales (in thousands of dollars)and advertising expenditures (in thousands of dollars).The Excel/MegaStat output given above summarizes the results of the regression model.If the manager decides to spend $3,000 on advertising,based on the simple linear regression results given above,what are the estimated sales?

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Regression Analysis  A local grocery store wants to predict its daily sales in dollars.The manager believes that the amount of newspaper advertising significantly affects sales.He randomly selects 7 days of data consisting of daily grocery store sales (in thousands of dollars)and advertising expenditures (in thousands of dollars).The Excel/MegaStat output given above summarizes the results of the regression model.If the manager decides to spend $3,000 on advertising,based on the simple linear regression results given above,what are the estimated sales?

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The Answer of Regression Analysis  A local grocery store wants to predict its daily sales in dollars.The manager believes that the amount of newspaper advertising significantly affects sales.He randomly selects 7 days of data consisting of daily grocery store sales (in thousands of dollars)and advertising expenditures (in thousands of dollars).The Excel/MegaStat output given above summarizes the results of the regression model.If the manager decides to spend $3,000 on advertising,based on the simple linear regression results given above,what are the estimated sales?

Regression Analysis a Local Grocery Store Wants to Predict