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Assume that you are working on the Sales Forecast for the upcoming year for your company. After collecting data and doing a trend analysis, you

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Assume that you are working on the Sales Forecast for the upcoming year for your company. After collecting data and doing a trend analysis, you have estimated that the growth rate in Sales will be 5.45%. This year's Sales figure was $504,504.50. Your boss thinks that "Operating Income" is strongly dependent on the Sales figure, therefore she wants you to come up with an estimate for the next year's Operating Income as well. Based on your analysis of the past years' data, the relation between Sales and Operating Income is best described with a regression equation as given below: (Operating Income )=$35,500+0.435( Sales ) Using the equation above, what is your Operating Income estimate for the next year? $183,960 $195,920 $338,750 $410,200 $532,000

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