Find the regression equation

Assignment Help Basic Statistics

Reference no: EM132423770

Question 1:

Suppose the regression equation output is

	coefficient	Standard error
Intercept	40	3
Advertising	4	2
Advertising²	-0.3	1

So the regression equation is

Profit = 40 + 4 Advertising - 0.3 Advertising²

Predict profit if the Advertising is $9

Question 2:

Suppose the regression equation output is

	coefficient	Standard error
Intercept	41	3
Price	8	2
Price²	-0.2	1

So the regression equation is

Profit = 41 + 8 Price - 0.2 Price²

Predict profit if the Advertising is $6

Reference no: EM132423770

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