If sales is the variable you are trying to explain and you have 2 independent variables of color and price. The color coefficient is -70, and the price coefficient is -20. You have an intercept coefficient of 5000 and an r-squared value of .2500. Using this multiple regression analysis, predict the amount of sales with a color rank of 7 and a price of 200 dollars.
A. The sales will be between 0 and 500
B. The sales will be between 501 and 600
C. The sales will be between 601 and 800
D. The sales will be above 801
E. You will actually have negative sales using this multiple regression analysis
This question was answered on: May 23, 2022
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