Regression analysis was applied between sales (y, in dollars) and advertising (x, in dollars) across all the branches of a major international corporation. The following regression function was obtained, y = 5000 + 7.25x. If the advertising budgets of two branches f corporation differ by 30,000, then what will be the predicted difference in their sales? a. 217,500 b. 222,500 c. 5,000 d. 7.25
Regression analysis was applied between sales (y, in dollars) and advertising (x, in dollars) across all the branches of a major international corporation. The following regression function was obtained, y = 5000 + 7.25x. If the advertising budgets of two branches f corporation differ by 30,000, then what will be the predicted difference in their sales? a. 217,500 b. 222,500 c. 5,000 d. 7.25
Algebra for College Students
10th Edition
ISBN:9781285195780
Author:Jerome E. Kaufmann, Karen L. Schwitters
Publisher:Jerome E. Kaufmann, Karen L. Schwitters
Chapter8: Functions
Section8.CT: Test
Problem 19CT
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Regression analysis was applied between sales (y, in dollars) and advertising (x, in dollars) across all the branches of a major international corporation. The following regression function was obtained, y = 5000 + 7.25x. If the advertising budgets of two branches f corporation differ by 30,000, then what will be the predicted difference in their sales?
a. 217,500
b. 222,500
c. 5,000
d. 7.25
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