Regression analysis between sales

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Reference no: EM13862015

A regression analysis between sales (in $1000) and advertising (in $100) resulted in the following least squares line: = 75 +6x. This implies that if advertising is $800, then the predicted amount of sales (in dollars) is:

a. $4875

b. $123,000

c. $487,500

d. $12,300

Reference no: EM13862015

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