In working for a local retail store, you have developed the estimated regression equation shown below, where y is the weekly sales in doliars, x 1
is the percent local unemployment rate, x 2
is the weekly average high temperature in degrees Fahrenheit, x 3
is the number of activities in the local communiry, x 4
is the average gasoline price. Complete parts a and b. y
^
=22,304−408x 1
+800x 2
−86x 3
−72x 4
a. Interpret the values of b 1
, b 2
, b 3
, and b 4
in this estimated regression equation. Interpret the value of b 1
. Select the correct choice below and fill in the answer box to complete your choice. (Type a whole number.) A. Holding the other independent variables constant and increasing the B. Holding the other independent variables constant and increasing the weekly average high temperature by one degree Fahrenheit, the weekly average high temperature by one degree Fahrenheit, the average weckly sales is estimated to decrease by? average weekly sales is estimated to increase by \& C. Holding the other independent variables constant and increasing the- D. Holding the other independent variables constant and increasing the local unemployment rate by one percent, the average weekly sales is local unemployment rate by one percent, the average weekly sales is estimated to increase by 3 estimated to decrease by $ Interpret the value of by Select the correct choice below and till in the answer box to complete your choice. (Type a whole number.) A. Holding the other independent variables constant and increasing the B. Holding the other independent variables constant and increasing the weekly average high temperature by one degree Fahrenheit, the number of activities by one, the average weekly sales is estimated to average weekly sales is estimated to increase by 3 increase by 1 C. Holding the other independent variables constant and increasing the D. Holding the other independent variables constant and increasing the number of activities by one, the average weekly sales is estimated to weekly average high temperature by one degree Fahrenheit, the decrease by 1 averane weekty sales is estimated to decrease by $ Interpret the value of b 3
. Select the correct choice below and fill in the answer box to complete your choice. (Type a whole number.) A. Holding the other independent variables constant and increasing the B. Hoiding the other independent variables constant and increasing the number of activities by one, the average weekly sales is estimated to average gasoline price by one dollar, the average weekly saies is increase by \& estimated to increase by s C. Holding the other independent variables constant and increasing the D. Holding the other independent variables constant and increasing the number of activities by one, the average weekly sales is estimated to average gasoline price by one doliar, the average weekly sales is decrease by estimated to decrease by $ Interpret the valuc of b 4
. Select the correct choice below and fill in the answer box to complete your choice. (Type a whole number.) A. Holding the other independent variables constant and increasing the B. Holding the other independent variables constant and increasing the average gasoline price by one dollar, the average weekly sales is number of activities by one, the average weekly sales is estimated to estimated to increase by s decrease by 1 C. Holding the ofher independent variables constant and increasing the D. Holding the other independent variables constant and increasing the number of activities by one, the average weekly sales is estimated to average gasoline price by one dollar, the average weekly sales is increase by estimated to decrease by 3 b. What is the estimated sales if the local unemployment rate is 7.996, the average high temperature is 70 ∘
F, there are 10 activities in the local community, and the average gasoline price is \$1.73? The estimated sales are approximately (Type an integer or a decimal.)
