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 ($) 30,000 30,000 40,000 50,000 50,000 50,000 60,000 70,000 80,000 80,000 Sales ($) 179,000 183,000 253,000 308,000 301,000 308,000 376,000 418,000 486,000 499,000 What is the predicted sales quantity for an advertising budget of $57,000? 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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