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An analyst generates a regression equation of Y= $1,125,0 + $2(X) as a predictor of a company's sales of eye ointment, where X=marketing costs. If the firm spends $50,0 on marketing, what will expected sales be? _
Y=1125000+2(50000)
Y =1,225,000
Y=1125000+2(50000)
Y =1,225,000
Let Sale a = 100000
Exp = 5000
Total sale amt 100000+5000=105000
Expected sales will be Y=1125000+2(X)
X=50,000
Y=1125000+2(50000)
Answer =1,225,000
Expected sales will be $1.25+$2*($50)= $101.5
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