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A student interested in Finance was interested in predicting sales ($M) based on assets ($M). She looked at data from 97 companies. She found the
A student interested in Finance was interested in predicting sales ($M) based on assets ($M). She looked at data from 97 companies. She found the following equation.
yhat = 648.43 + 0.95x
One of the companies had assets of 1,463 and a sales of 8,467.
Find the residual and round to two decimal places. (Remember to include the negative sign if appropriate.)
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