What would you predict the sales to be on day 60?

Short Answer

Expert verified

The predicted sales on day x=60will be$250,120$250,120

Step by step solution

01

Given Information

We have to predict the sales to be on day60

02

Explanation

Consider the given equation as written below:

y^=101.32+2.48x

The predicted sales on day x=60will be:

y^=101.32+(2.48×60)

=250.12thousands of dollars

Hence, the predicted sales on day x=60will be $250,120

Unlock Step-by-Step Solutions & Ace Your Exams!

  • Full Textbook Solutions

    Get detailed explanations and key concepts

  • Unlimited Al creation

    Al flashcards, explanations, exams and more...

  • Ads-free access

    To over 500 millions flashcards

  • Money-back guarantee

    We refund you if you fail your exam.

Over 30 million students worldwide already upgrade their learning with Vaia!

One App. One Place for Learning.

All the tools & learning materials you need for study success - in one app.

Get started for free

Most popular questions from this chapter

Use the following information to answer the next five exercises. A random sample of ten professional athletes produced the following data where xis the number of endorsements the player has and yis the amount of money made (in millions of dollars)

xyxy
02512
3849
2739
1303
5134
10

Whenn=100and r=-0.89, is there a significant correlation? Explain.

56. The Standard Deviation for the Sum of Squared Errors for a data set is9.8. What is the cutoff for the vertical distance that a point can be from the line of best fit to be considered an outlier?

The table contains real data for the first two decades of flu cases reporting

Year# flu cases diagnosed# flu deathsPre-19819129198131912119821,17045319833,0761,48219846,2403,466198511,7766,878198619,03211,987198728,56416,162198835,44720,868198942,67427,591199048,63431,335199159,66036,560199278,53041,055199378,83444,730199471,87449,095199568,50549,456199659,34738,510199747,14920,736199838,39319,005199925,17418,454200025,52217,347200125,64317,402200226,46416,371Total802,118489,093

Find the correlation coefficient.

r=_______

Enter your data into your calculator or computer. The pre-1981 data should not be included. Why is that so?

The following table shows data on average per capita coffee consumption and heart disease rate in a random sample of \(10\) countries.

a. Enter the data into your calculator and make a scatter plot.

b. Use your calculator’s regression function to find the equation of the least-squares regression line. Add this to your scatter plot from part a.

c. Explain in words what the slope and y-intercept of the regression line tell us.

See all solutions

Recommended explanations on Math Textbooks

View all explanations

What do you think about this solution?

We value your feedback to improve our textbook solutions.

Study anywhere. Anytime. Across all devices.

Sign-up for free