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Regression analysis was applied between $ sales (y) and $ advertising (x) across all the branches of a major international corporation. The following regression function
Regression analysis was applied between $ sales (y) and $ advertising (x) across all the branches
of a major international corporation. The following regression function was obtained.
y = 5000 + 7.25x
If the advertising budgets of two branches of the corporation differ by $30,000, then what will be
the predicted difference in their sales?
- A.$217,500
- B.$222,500
- C.$5,000
- D.$7.25
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