A microcomputer manufacturer has developed a regression model (n=35) relating his sales (y in $10,000s) with three independent variables. The three independent variables are price per unit (Price in $100s), advertising (ADV in $1,000s) and the number of product lines (Lines). The sample size n=90. Part of the regression results is shown below.




Coefficients

Standard Error





Intercept

1.0211

22.8752





Price

-0.1524

0.1411





ADV

0.8849

0.2886





Lines

-0.1463

1.5340





If the manufacturer has 10 product lines, advertising of $40,000, and the price per unit is $3,000, what is your estimate of their sales? Give your answer in dollars (no decimal places)



Answer :

Other Questions