A company’s sales (in million units), selling expenses (in $million), and price (in $/unit) data are...

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A company’s sales (in million units), selling expenses (in $million), and price (in $/unit) data are provided in the table below.(A) Calculate the sample regression line, where sales are the dependent variable and selling expenses and price are the independent variable(B) Forecast the company’s sales if the company increases its selling expenses to $10 million and its price to $8.5/unit(C) If the company’s objective is maximizing net revenue (total revenue minus selling expenses), which of the three following options should be accepted: (1) increase selling expenses to $10 million and price to $8.5/unit, (2) increase selling expenses to $10 million and price to $9.0/unit, and (3) increase selling expenses to $11 million and price to $8.5/unit
	
Document Preview: A company’s sales (in million units), selling expenses (in $million), and price (in $/unit) data are provided in the table below.  (A)	Calculate the sample regression line, where sales is the dependent variable and selling expenses and price are the independent variable (B)	Forecast the company’s sales if the company increases its selling expenses to $10 million and its price to $8.5/unit (C)	If the company’s objective is maximizing net revenue (total revenue minus selling expenses), which of the three following options should be accepted: (1) increase selling expenses to $10 million and price to $8.5/unit, (2) increase selling expenses to $10 million and price to $9.0/unit, and (3) increase selling expenses to $11 million and price to $8.5/unit

Robert · Accepted Answer

A company’s sales (in million units), selling expenses (in $million), and price (in $/unit) 
data are provided in the table below.   
(A) Calculate the sample regression line, where sales is the dependent variable and selling 
expenses and price are the independent variable  
(B) Forecast the company’s sales if the company increases its selling expenses to $10 million 
and its price to $8.

A company’s sales (in million units), selling expenses (in $million), and price (in $/unit) data are provided in the table below. (A) Calculate the sample regression line, where sales are the...

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