subject
Mathematics, 19.04.2021 15:20 bonetanne7171

A regression equation has been developed in order to help predict the amount of sales made in a clothing store each day (y) based on the number of square feet covered by the store's floor space (x). A sample of 100 similar clothing stores is collected, with floor spaces ranging from 100 square feet to 300 square feet. For each store, the floor space (in square feet) and the amount of sales made that day (in dollars) are recorded. The following regression equation is calculated: y^ = 2,050 + 54x

Select whether or not each of the following conclusions are correct from the regression analysis: Fill in blank with ither response :Correct or Not correct

a. If the floor space of a store were to increase by one square foot, the predicted increase in sales would be $2,050.
b. If a store has a floor space of 75 square feet, the predicted sales in a day is $6,100.
c. If a store has a floor space of 175 square feet, the predicted sales in a day is $11,500.

ansver
Answers: 1

Another question on Mathematics

question
Mathematics, 21.06.2019 22:00
Given: △acm, m∠c=90°, cp ⊥ am , ac: cm=3: 4, mp-ap=1. find am.
Answers: 2
question
Mathematics, 22.06.2019 00:30
What are two numbers that have a sum of 15?
Answers: 2
question
Mathematics, 22.06.2019 04:30
Agatorade cooler has 36 cups of water. if a serving is 3/4 of a cup how many servings are in the cooler?
Answers: 1
question
Mathematics, 22.06.2019 05:30
In the right triangular prism below, bg ⊥ fc. the volume of the prism is 900 cubic centimeter the height of the prism is 15 centimeters and the height of the triangular base is 10 centimeters. what is your he length of edg fc
Answers: 2
You know the right answer?
A regression equation has been developed in order to help predict the amount of sales made in a clot...
Questions
question
English, 15.12.2020 17:40
question
Physics, 15.12.2020 17:40
question
Mathematics, 15.12.2020 17:40
question
Spanish, 15.12.2020 17:40
Questions on the website: 13722361