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Company X hired a consultant to determine a sales growth function. The consultant gathered past monthly sales data and came up with the following regression
Company X hired a consultant to determine a sales growth function. The consultant gathered past monthly sales data and came up with the following regression equation: Y = 0.5x + 18. Where Y is the sales level in millions and X is the nth data point. Use the equation to estimate sales for the coming month which will be the 22nd data point (ie. Point 22 on the x axis if represented on a chart with y being sales)
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