# Ch. 10

- StudyBlue
- North-carolina
- University of North Carolina-Wilmington
- Statistics
- Statistics 280
- Ravija Badarinathi
- Ch. 10

**Created:**2010-04-26

**Last Modified:**2011-07-05

= 120 - 10 X

Based on the above estimated regression equation, if price is increased by 2 units, then demand is expected to

= 80 + 6.2 X

Based on the above estimated regression line, if advertising is $10,000, then the point estimate for sales (in dollars) is

= 50,000 - 8X

The above equation implies that an

= 50 + 8 X

Based on the above estimated regression line if advertising is $1,000, then the point estimate for sales (in dollars) is

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