A Regression Analysis Between Sales (In $1000) and Advertising (In $\hat { y } = 77 + 8 x$

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A regression analysis between sales (in $1000) and advertising (in $100) resulted in the following least squares line: $\hat { y } = 77 + 8 x$ . This implies that if advertising is $600, then the predicted amount of sales (in dollars) is $125,000.