The following estimated regression equation has been proposed to predict monthly sales at a shoe store.
where
a.
Predict sales (in dollars) for the shoe store if the competitor's previous month's sales were $9000, the store's previous month's sales were $30,000, and no radio advertisements were run.
b.
Predict sales (in dollars) for the shoe store if the competitor's previous month's sales were $9000, the store's previous month's sales were $30,000, and 10 radio advertisements were run.
Correct Answer:
Verified
a.
$373,...
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