A shoe store developed the following estimated regression equation relating sales to inventory Investment and advertisin

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A Shoe Store Developed The Following Estimated Regression Equation Relating Sales To Inventory Investment And Advertisin 1 (16.54 KiB) Viewed 107 times

A shoe store developed the following estimated regression equation relating sales to inventory Investment and advertising expenditures 5 = 30 + 10, +74) where Inventory Investment ($1000) 23 advertising expenditures (31000) y = sales (51000) 2. Predict the sales resulting from a $15,000 investment in Inventory and an advertising budget of $10,000 b. Interpret by and by in this estimated regression equation by: Sales can be expected to select your answer by $10 for every dollar increase in Sales can be expected to select your answer by $7 for every dollar increase in Select your answer when - Select your answer When Select your answer t is held constant is held constant Select your answer