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 ($) | 50,000 | 60,000 | 60,000 | 70,000 | 70,000 | 80,000 | 90,000 | 90,000 | 100,000 | 110,000 |
Sales ($) | 299,001 | 371,000 | 364,000 | 430,000 | 440,000 | 485,000 | 535,000 | 546,000 | 595,000 | 675,000 |
What is the predicted sales quantity for an advertising budget of $76,000?
Please round your answer to the nearest integer.
Get Answers For Free
Most questions answered within 1 hours.