Question: An electronics company has developed a regression model to forecast quarterly sales. The model explains the relationship between the company s sales and the amount

An electronics company has developed a regression model to forecast quarterly sales. The model explains the relationship between the companys sales and the amount it spends on marketing activities. The regression equation for the model is expressed below.
s = $3(m)+ $150,000
s = sales per quarter
m = dollars spent on marketing activities per quarter
If the company has forecasted sales of $189,000 for the next quarter, what amount is it planning to spend on marketing activities in the next quarter?

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