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  3. a shoe store developed the following estimated reg

A shoe store developed the following estimated regression equation relating sales to inventory investment and...

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Accounting

A shoe store developed the following estimated regression equation relating sales to inventory investment and advertising expenditures. = 23 + 12x1 + 6x2 where x1 = inventory investment ($1,000s) x2 = advertising expenditures ($1,000s) y = sales ($1,000s). (a) Predict the sales (in dollars) resulting from a $14,000 investment in inventory and an advertising budget of $10,000. $

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