20) For various open positions at Open Source, the Human Resource manager decided to track the advertising dollars spent to announce that position as well as the number of applicants for each position. He recorded the number of applicants in thousands (000) and he recorded advertising expenditure in hundreds of dollars. Then, he developed a regression equation to estimate the number of applicants. The equation appears: Y = 2 + 0.7X.

Which of the following is correct?

A.For each additional dollar of advertising, approximately 12 individuals apply.

B.With a $150 advertising budget, one may expect 107 individuals to apply

C.With a $250 advertising budget, one may expect 3750 individuals to apply

D.Both A and B are correct

E.Both B and C are correct