A regression analysis between sales (in $1000) and advertising (in $) resulted in the following least squares line: Y= 32 + 8X. This implies that an increase of $1 in advertising is expected to result in an increase of $40 in sales.( why? could you help explain to me thank you so much)

Answers

Answer 1
Answer:

Answer:

Step-by-step explanation: This is a question under linear regression analysis.

The question is trying to relate sales (in $1000) and and advertising.

Both sales and advertising are variables and are connected by the equation

Y = 32x + 8

Which is a linear regression equation of 2 variables.

Where x is the independent variable which represents advertising in this case and Y is the dependent variable which represents sales.

At $1 of adverts, we have $40 of sales.

We just simply put the fact that x = $1 (advertising) into the linear regression equation, we have the value of Y ( sales)

Y = 32(1) + 8

Y = 32 + 8

Y = $40.


Related Questions

What does the line y=5 represent in X=8(y-5)^2+2
Six-four million, one hundred eighty-six thousand, three hundred square miles in standard form
In the expression -3g + 12, how many terms are in the expression? *1234Which expression has three terms? *5x + kr3ab6 + x - 2y4p + 2Which had the greatest coefficient? *16 - 2x4 + 6x10 - 9x15xWhich had the smallest coefficient? *16 - 2x4 + 6x10 - 9x15xThe factors of the expression 5(c + d) are 5 and *c(c + d)Option 3c and dAre the expressions (a + b)(c + d) and (c + d)(a + b) equivalent? *yes, they have the same quantities and factorsno, they do not have the same quantities or factorsyes they have the same quantities onlynot they do not have the same quantities or factors
Throughout the US presidential election of 2012, polls gave regular updates on the sample proportion supporting each candidate and the margin of error for the estimates. This attempt to predict the outcome of an election is a common use of polls. In each case below, the proportion of voters who intend to vote for each candidate is given as well as a margin of error for the estimates. Indicate whether we can be relatively confident that candidate A would win if the election were held at the time of the poll. (Assume the candidate who gets more than of the vote wins.)
12. In Europe, 88% of all households have a TV. 51% of all households have a TV and VCR. What is the probability that a household has a VCR given they have a TV?

Karly is choosing between two health clubs. Yoga Studio A charges a membership fee of $22.00 and $24.50 per month. Yoga Studio B charges a membership fee of $47.00 and $18.25 per month. At how many months will they cost the same? *

Answers

Answer:

4 months

Step-by-step explanation:

Given

Studio A

Membership = \$22.00

Monthly = \$24.50

Studio B

Membership = \$47.00

Monthly = \$18.25

Required

Determine when the cost will be the same

For both, we have the total cost to be:

Cost = Membership + Monthly\ Cost * m

Where m represents the number of month

For Studio A:

Cost = 22 + 24.5 * m

For Studio B:

Cost = 47 + 18.25 * m

Equate both expressions to get the required month

47 + 18.25 * m = 22 + 24.5 * m

47 + 18.25 m = 22 + 24.5m

Collect Like Terms

47 - 22 = 24.5m - 18.25 m

25= 6.25m

Reorder

6.25m = 25

Solve for m

m = 25/6.25

m = 4

Hence, it'll take 4 months

The Point (0,0) is a solution to which of these inequalities?

Answers

Answer:

(0, 0) s the solution of y-4 < 3x-1 as it satisfies the inequality.

Hence, option C is true.

Step-by-step explanation:

Given the point (0, 0)

a)

Putting the point (0, 0) the inequality

y+4 < 3x-1

0+4 < 3(0)-1

4 < -1

This is false as -1 can not be greater than 4

b)

y-1 < 3x-4

Putting the point (0, 0) the inequality

0-1 < 3(0)-4

-1 < -4

This is false as -1 can not be lesser than -4

c)

y-4 < 3x-1

Putting the point (0, 0) the inequality

0-4 < 3(0)-1

-4 < -1

This is true as -4 is lesser than -1

d)

y+4 < 3x+1

Putting the point (0, 0) the inequality

0+4 < 3(0)+1

4 < 1

This is false as 4 can not be lesser than 1

Therefore, (0, 0) s the solution of y-4 < 3x-1 as it satisfies the inequality.

Hence, option C is true.

An object weighs 1 pound on earth weighs about 1/15 pounds on Pluto. If a man weighs 240 pounds on earth how many pounds would he weigh on Pluto?

Answers

Answer:

16 I believe. 240 divided by 15 is 16.

Cody hiked at an average speed of 1 mile per hour for 5 hours on Saturday. He hiked an average speed of 2 miles per hour for 3 hours on Sunday.Which explanation correctly tells how to calculate the total number of miles that Cody hiked in two days?

A.Step 1: Multiply 1 × 5.
Step 2: Multiply 2 × 3.
Step 3: Add the two products.

B.Step 1: Multiply 1 × 5.
Step 2: Multiply 2 × 3.
Step 3: Subtract the two products.


C.Step 1: Divide 1 ÷ 5.
Step 2: Divide 2 ÷ 3.
Step 3: Add the two quotients.

D.Step 1: Divide 1 ÷ 5.
Step 2: Divide 2 ÷ 3.
Step 3: Subtract the two quotients.

Answers

Answer:

  A. Step 1: Multiply 1 × 5.

  Step 2: Multiply 2 × 3.

  Step 3: Add the two products.

Step-by-step explanation:

The total number of miles hiked will be the sum of the numbers of miles hiked each day. Each day, the number of miles hiked can be computed by multiplying time by speed:

  distance = speed × time

So, the total number of miles hiked is ...

  total miles = miles on day 1 + miles on day 2 . . . . . (sum, not a difference—eliminates choice B)

  total miles = (speed on day 1)×(time on day 1) + (speed on day 2)×(time on day 2) . . . . . (sum of products—eliminates choices C and D)

Choice A correctly describes the computation.

4 tons of cement cost $480.00. What is the price per pound?

Answers

Answer:

$120 per pound

Step-by-step explanation:

Calculate 188 meters___________Yards

Answers

Answer:

205.599

Step-by-step explanation:

Answer:

205.599 yards

Step-by-step explanation:

1 meter = 1.09361 yards

Multiply 188 meters by 1.09361 yards

188 meters = (1.09361 yards) x (188 meters)

                   = 205.599 yards