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Regression analysis was applied between $ sales (y) and $ advertising (x) across all the branches of a major international corporation. The following regression function was obtained. ý: - 5000 + 7.25x If the advertising budgets of two branches of the corporation differ by $20,000, then what will be the predicted difference in their sales? O $217,500 $222,500 O $145000 O none of the above

Regression analysis was applied between $ sales (y) and $ advertising (x) across all the branches of a major international corporation. The following regression function was obtained. ý: - 5000 + 7.25x If the advertising budgets of two branches of the corporation differ by $20,000, then what will be the predicted difference in their sales? O $217,500 $222,500 O $145000 O none of the above

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter4: Equations Of Linear Functions
Section4.6: Regression And Median-fit Lines
Problem 5PPS
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Regression analysis was applied between $ sales (y) and $ advertising (x) across all the branches of a major international corporation. The following regression function was obtained. ý: - 5000 + 7.25x If the advertising budgets of two branches of the corporation differ by $20,000, then what will be the predicted difference in their sales? O $217,500 $222,500 O $145000 O none of the above
Transcribed Image Text:Regression analysis was applied between $ sales (y) and $ advertising (x) across all the branches of a major international corporation. The following regression function was obtained. ý: - 5000 + 7.25x If the advertising budgets of two branches of the corporation differ by $20,000, then what will be the predicted difference in their sales? O $217,500 $222,500 O $145000 O none of the above
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