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Hytex company is a direct marketer of electronic equipment. The data in CatalogueMarketing.xlsx was obtained from the database of 1,000 mail order customers. Use Excel,
Hytex company is a direct marketer of electronic equipment. The data in CatalogueMarketing.xlsx was obtained from the database of 1,000 mail order customers. Use Excel, we obtain a simple linear regression of the variable "AmountSpent" on the variable "Salary". Salaries range from $10,100 to $168,800. 069959779 048943707 048892549 687 ,067682 1000 4516241652 4.521908 956.7052 755- I48 471117876 472062 92274204] .2 Sim Ehur ! 51a! 45.331859 453743478 0.3379 0.735512 404.372 73.70821 001196104 0000710009 30.93065 7.5E-148 0.020568 0.023354 Use the regression output to predict the amount spent, if the customer's salary is $170,000? Is this a valid prediction? Select one: 0 If the salary is $170,000, the amount spent is estimated to be $3718.05. This is not valid, because $170,000 is not within the range of the data. 0 If the amount spent is $170,000, the salary is estimated to be $3718.05. This is not valid, because $170,000 is within the range of the data. 0 If the amount spent is $170,000, the salary is estimated to be $3718.05. This is valid, because $170,000 is within the range of the data. 0 If the salary is $170,000, the amount spent is estimated to be $3718.05. This is valid, because $170,000 is not within the range of the data
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