Consider the following sample data for the relationship between advertising budget and sales for Product A:...

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Consider the following sample data for the relationship between advertising budget and sales for Product A:...

Consider the following sample data for the relationship between advertising budget and sales for Product A:

Observation	1	2	3	4	5	6	7	8	9	10
Advertising ($)	70,000	80,000	80,000	90,000	100,000	100,000	110,000	110,000	120,000	130,000
Sales ($)	432,000	478,000	484,000	552,000	605,000	594,000	688,000	674,000	713,000	784,000

What is the predicted sales quantity for an advertising budget of $95,000?

Please round your answer to the nearest integer.

math Statistics-And-Probability

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Answer 1

Answer #1

The regression equation is

When Advertising budget is 95000

The predicted sales will be

Sales -8085.106 5.983 95000576470.106576470

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Answer 2

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