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Use the Following Information for Following Questions

Question 20

Multiple Choice

Use the following information for following questions:. A salesman says he can predict the sales
price of used Toyota Corollas by using the equation
Sale Price = 14300 - 960 Age
-Using the information above, find the value of the residual for a used Toyota Corolla that is 7 years old and has an actual price of $6950.


A) $630
B) $0
C) -$630
D) -$6390

Correct Answer:

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