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Question 1:
Suppose the regression equation output is
coefficient
40
3
4
2
-0.3
1
So the regression equation is
Profit = 40 + 4 Advertising - 0.3 Advertising2
Predict profit if the Advertising is $9
Question 2:
41
8
-0.2
Profit = 41 + 8 Price - 0.2 Price2
Predict profit if the Advertising is $6
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