Consider the following sample data for the relationship betweenadvertising budget and sales for Product A: Observation 1 2 3 4 5 67 8 9 10
Advertising ($) 60,000 70,000 70,000 80,000 80,000 90,000100,000 100,000 110,000 110,000
Sales ($) 363,000 432,000 417,000 502,000 483,000 537,000614,000 625,000 653,000 666,000
What is the slope of the "least-squares" best-fit regressionline? Please round your answer to the nearest hundredth.
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