use the following regression equation to estimate sales levels if price is set to $8: Sales...
use the following regression equation to estimate sales levels if price is set to $8: Sales = b0 + b1 Price What is the sales level when b0 = 100 and b1 = - 5
Homework Answers
Sales = b0 + b1 Price
b0 = 100 and b1 = - 5
Sales = 100 -5*Price
Price = $8
Sales = 100 - 5*8
Sales = 100 - 40
Sales = 60
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