Reference no: EM13103174
If sales is the variable you are trying to explain and you have 5 independent variables of video marketing, radio marketing, color, size, and price. The video marketing coefficient is 100, the radio marketing coefficient is 20, the color coefficient is 300, the size coefficient is -90, and the price coefficient is -20. You have an intercept coefficient of 1,900 and an r-squared value of .9000. Using this multiple regression analysis, predict the amount of sales with 500 dollars being spent on video marketing, 500 dollars being spent on radio marketing, a color rank of 3, a size rank of 20, and the price is 100 dollars.
A. The sales will be between 0 and 58,000
B. The sales will be between 58,001 and 60,000
C. The sales will be between 60,001 and 80,000
D. The sales will be above 80,001
E. You will actually have negative sales using this multiple regression analysis
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: You will actually have negative sales using this multiple regression analysis
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