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The relationship between the revenue of a company (y) and the amount the company spends...

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Question

Accounting

The relationship between the revenue of a company (y) and the amount the company spends on advertising (x) is modeled by the linear regression equation = 8,500 + 71x. Assuming the correlation is significant, what is the predicted revenue if the amount spent on advertising is $75?

Group of answer choices

$5,325

$8,571

$8,500

$13,825

Answer & Explanation Solved by verified expert
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