Estimated sales resulting from a 15000 investment in, Ask an Expert

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A shoe store developed the following estimated regression equation relating sales to inventory investment and advertising expenditures.
y = 25 + 10x1 + 8x2

Where

x1 = inventory investment ($1000s)

X2 = advertising expenditures ($1000s)

Y = sales ($1000s)

a. Estimated sales resulting from a $15,000 investment in inventory and an advertising budget of $10,000.

b. Interpret b1 and b2 in this estimated regression equation.

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Statistics and Probability, Statistics

Category:- Statistics and Probability
Reference No.:- M9366028

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