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A company is interested in knowing which are the potential sales next year if you use $ 20,000 in advertising expenses. The company uses the information from previous years to make its sales forecast.

The data are:

Year Sales Advertising

$000 $ 000

1 15 2

2 25 3

3 45 3

4 95 5

5 130 8

6 180 9

7 240 12

8 300 14

Use the appropriate formula and presents all mathematical computation

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Statistics and Probability, Statistics

Category:- Statistics and Probability
Reference No.:- M9367513

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