escThe following estimated regression equation has been proposed to predict sales at a fast food outlet.ŷ = 51 - 5x₁ + 25x₂ + 12x3wheref11Predict sales (in dollars) for the store with the competitor's previous day's sale of $6,000, a population of 29,000 within 1 mile, and five radio advertisements.$758X?x₁ = competitor's previous day's sales (in $1,000s)X1Need Help? Read ItQx₂ = population within 1 mile (in 1,000s)X3= 1 if radio advertising was used; 0 otherwiseý = estimated sales (in $1,000s)@f22*Wf3#*3Ef4*****A$4Rf540doO5f6T4-A6f7♫+YC&7fgKAAU*fg8hpDIIf10oDDI9f11Of12.insertPprt sc+[}K]deletebackspa

Solution: The estimated multiple regression equation is y^=51-5x1+25x2+12x3

The following estimated regression equation has been proposed to predict sales at a fast food outlet. ŷ= 51 - 5x₁ + 25x₂ + 12x3 where x₁ = competitor's previous day's sales (in $1,000s) x₂ = population within 1 mile (in 1,000s) x3 = 1 if radio advertising was used; 0 otherwise ŷ estimated sales (in $1,000s) Predict sales (in dollars) for the store with the competitor's previous day's sale of $6,000, a population of 29,000 within 1 mile, and five radio advertisements. $758 X Need Help? Read It

The following estimated regression equation has been proposed to predict sales at a fast food outlet. ŷ= 51 - 5x₁ + 25x₂ + 12x3 where x₁ = competitor's previous day's sales (in $1,000s) x₂ = population within 1 mile (in 1,000s) x3 = 1 if radio advertising was used; 0 otherwise ŷ estimated sales (in $1,000s) Predict sales (in dollars) for the store with the competitor's previous day's sale of $6,000, a population of 29,000 within 1 mile, and five radio advertisements. $758 X Need Help? Read It

Calculus For The Life Sciences

2nd Edition

ISBN:9780321964038

Author:GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.

Publisher:GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.

Chapter1: Functions

Section1.1: Lines And Linear Functions

Problem 72E: LIFE SCIENCE APPLICATIONS HIV Infection The time interval between a persons initial infection with...

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