A shoe store developed the following estimated regression related sales to inven

Question

A shoe store developed the following estimated regression related sales to inventory investment and advertising expenditures. Y=20+12x1+7x2
X1= inventory investment($1000s) X2= advertising expenditures($1000s) Y= sales($1000s)
A. Predict the sales resulting from a $15,000 investment in inventory and an advertising budget of $10,000.
A shoe store developed the following estimated regression related sales to inventory investment and advertising expenditures. Y=20+12x1+7x2
X1= inventory investment($1000s) X2= advertising expenditures($1000s) Y= sales($1000s)
A. Predict the sales resulting from a $15,000 investment in inventory and an advertising budget of $10,000.

X1= inventory investment($1000s) X2= advertising expenditures($1000s) Y= sales($1000s)
A. Predict the sales resulting from a $15,000 investment in inventory and an advertising budget of $10,000.

Explanation / Answer

Y=20+12x1+7x2

we need to input the values of x1 and x2 i.e x1=15 (because it is in thousands) . x2=10

y=20+12*15+7*10=270

thus it is 270,000

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