A manager wants to predict the cost (y)of travel for salespeople based on the number of days (x)spent on each sales trip.The following model has been developed: ŷ = $400 + 120x.If a trip took 3 days, the predicted cost of the trip is _____________.
A)760
B)360
C)523
D)1560
E)1080

Question

Quizplus · Accepted Answer

The predicted cost of the trip is $400 + 120x = $400 + 120(3) = $760.

A Manager Wants to Predict the Cost (Y)of Travel for Salespeople