The director of marketing at a large company wants to determine if the amount of money spent on internet marketing is a good pre

Question

3 years ago

7

The director of marketing at a large company wants to determine if the amount of money spent on internet marketing is a good pre

dictor of company profit. She fits a least-squares regression line to 20 months of data and computes the following regression line:
Profit = 372.6 + 17.2(advertising dollars)

What is the value of the residual for advertising dollars spent equal to $1,020 and Profit equal to $17,500? Round to the nearest integer

Mathematics

2 answers:

Nastasia [14] · Answer 1 · 2022-06-26T10:38:33+03:00

Nastasia [14]3 years ago

6 0

It can be either -417 or -417.00 (it doesn't really matter)

Lina20 [59] · Answer 2 · 2022-06-26T12:56:01+03:00

Lina20 [59]3 years ago

3 0

The answer is -417 according to algebra nation

also can i please get brainliest so i can rank up