Business, 11.08.2021 21:20 blevinssam4783
Vesper Auto Wash is reviewing its sales for the last 9 months. Executives at Vesper are in disagreement over the driving force behind sales of their basic carwash package. Some argue it is the price of a carwash, while others argue it is the number of ads on the radio. The data for the monthly sales of basic carwashes, the corresponding price, and the number of monthly radio ads are presented below.
Sales Price Ads
7,006 10.7 61
7,234 10.46 73
7,692 10.21 84
7,486 10.51 78
7,526 10.26 82
8,012 10.12 96
Required:
a. Based on this regression equation, if they drop the price for the basic carwash by $0.20, what would be expected change in sales? (Round your answer up or down.)
b. What would be the forecast for the number of basic carwashes if the price were $10.25 and there were 120 radio ads?
Answers: 1
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Vesper Auto Wash is reviewing its sales for the last 9 months. Executives at Vesper are in disagreem...
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