2:56+973 3686 659206/01/2022, 2:44 PMQUESTION 14The holder of Cypres Recordings studied the relationship among sales (y) and the amount spent on advertising (x).A random sample of 38 recordings gives the following informationThe intercept = 18.47 and the slope0 98The estimated sales for 18 amount of advertisement is equal to?(Round answer to three decimal places ex. 2.091)

Linear regression forecasting technique is used to determine the Y value or here, sales value, here,…

Answered: The holder of Cypres Recordings studied…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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The holder of Cypres Recordings studied the relationship among sales (y) and the amount spent on advertising (x) A random sample of 3 recordings gives the following lnformation The indercept-18.47 and the slope 098 The estimated sales for 18 amount of advertisement is equal to?