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lyudmila [28]
3 years ago
9

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
1 answer:
____ [38]3 years ago
6 0
The Answer would be 417 because 416.6 rounded is 417 and to get the answer you take the residual value and the profit into concideratio.
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