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TB MC Qu. 10-68 A business analyst ran a (linear) regression... A business analyst ran a (linear) regression to understand the relationship between sales revenue
TB MC Qu. 10-68 A business analyst ran a (linear) regression... A business analyst ran a (linear) regression to understand the relationship between sales revenue and new customers (which require more work) and the total salary expense (in thousands). Regression estimated the equation to be: SalaryExpense =10+0.0005 SalesRevenue +0.03 NewCustomers Using the following information, calculate the total salary expense. Projected Sales Revenue: $1,000,000 Projected NewCustomers: 500 Multiple Choice $525 $15 $515 $500
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