Question: Consider the following sample data for the relationship between advertising budget and sales for Product A: Observation 1 2 3 4 5 6 7 8
Consider the following sample data for the relationship between advertising budget and sales for Product A: Observation 1 2 3 4 5 6 7 8 9 10 Advertising ($) 70,000 80,000 90,000 100,000 110,000 110,000 120,000 130,000 140,000 150,000 Sales ($) 429,000 493,000 536,000 623,000 687,000 688,000 750,000 810,000 870,000 932,000 What is the predicted sales quantity for an advertising budget of $111,000? Please round your answer to the nearest integer. Note that the correct answer will be evaluated based on the full-precision result you would obtain using Excel
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