Regression Analysis
ANOVA
Regression output
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?

Question

Regression Analysis
  ANOVA
  Regression output
  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?

Quizplus · Accepted Answer

The Answer of Regression Analysis
  ANOVA
  Regression output
  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 ANOVA