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20) Linear regression used to forecast demand for a fertilizer product.The regression equation is Y=125 + 5X in which Y is demand for the fertilizer
20) Linear regression used to forecast demand for a fertilizer product.The regression equation is Y=125 + 5X in which "Y" is demand for the fertilizer in thousands of tons, and "X" is the total acres used for growing corn in the area, in millions of acres. The estimate of land used for growing corn this year is 60,000,000 acres.Forecast fertilizer demand for this year.
A.Less than 100,000 tons
B.Greater than or equal to 100,000, but less than 250,000 tons
C.Greater than or equal to 250,000, but less than 500,000 tons
D.More than 500,000 tons
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