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