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23 February, 22:27

Suppose the linear regression line y=2.1x+130 predicts sales based on the money spent on advertising. If x represents the dollars spent in advertising, and yea represents the company sales in dollars, about how much can the company expects in sales if it spends $150 in advertising

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  1. 23 February, 22:45
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    Linear regression line y=2.1x+130 predicts sales based on the money spent on advertising.

    Linear regression represents the relationship between two variables. the value of y depends on the value of x.

    x represents the dollars spent in advertising and y represents the company sales in dollars.

    We need to find out sales y when $150 spends on advertising.

    Plug in 150 for x and find out y

    y = 2.1 x + 130

    y = 2.1 (150) + 130

    y = 445

    The company expects $445 in sales
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