MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
6th Edition
ISBN: 9781119256830
Author: Amos Gilat
Publisher: John Wiley & Sons Inc
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Data on Advertising Expenditures and Revenue (each measured in thousands of dollars) was collected and Excel was used to run a Regression Analysis on the data. The Excel-generated output is provided below:

ANOVA

  df SS MS F Signficance F
Regression 1 571.4127907 571.4127907 38.03889695 0.003508906
Residual 4 60.0872093 15.02180233    
Total 5 631.5      

 

  Coefficients Standard Error  t Stat  P-value 
Intercept 32.76744186 2.865238148 11.43620187 0.000333583
Expend 1.578488372 0.255933673 6.167568155 0.003508906

For a month where the advertising expenditure amount was 7, what is the predicted (monthly) Revenue? Round off your answer to the closest penny. To answer this question you'll need to construct the estimated regression equation from the Excel regression output.

The predicted (monthly) Revenue, given that advertising Expenditures is 7, rounded off to the closest penny,
is:  

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