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Please assist if you can! Observations are taken on sales of a certain mountain

ID: 3390941 • Letter: P

Question

Please assist if you can!

Observations are taken on sales of a certain mountain bike in 30 sporting goods stores. The regression model was Y = total sales (thousands of dollars), X_1 = display floor space (square meters), X_2 = competitors' advertising expenditures (thousands of dollars), X_3 = advertised price (dollars per unit). (a) Write the fitted regression equation. (Round your coefficient competing ads to 3 decimal places, coefficient price value to 4 decimal places and other values to 2 decimal places. Negative values should be indicated by a minus sign.)

Explanation / Answer

Y = 1,209.14 + 12.98*FloorSpace + -6.856*CompetingAds + - 0.1473*Price