The XYZ Paint shop owns and operates a dozen shops in central Missouri. Their signature paint is
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The XYZ Paint shop owns and operates a dozen shops in central Missouri. Their signature paint is Green Pearl on Electric Blue Candy. Sales (X, in millions of dollars) is related to profits (Y, in hundreds of thousands of dollars) by the regression equation Y = 15.886+0.75X. What is your forecast of profit for a store with sales of $92 million? 105 million?
Related Book For
Fundamentals of Cost Accounting
ISBN: 978-0077398194
3rd Edition
Authors: William Lanen, Shannon Anderson, Michael Maher
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