Question

You have developed the following linear regression output from the promotion data on the left of the regression output. Your boss decides that a "Go big or go home" strategy is appropriate to penetrate the market. He asks the question "what kind of sales can we expect if we spend $900K on advertising and price our computers at $89

Answer 1

$16,977

Step-by-step explanation:

For x1 = 900, x2 = 89:

Predicted value of sales = 46334.29 + 12.43411*900 - 455.596*89 = $16977