Multiple Choice
Exhibit 20.2 Suppose that the relationship between sales (Y,in $000) and number of salespeople (X) is represented by the following regression equation:
Y = 105.2 + 35.8X
Refer to Exhibit 20.2.What will average sales be equal to when 10 salespeople are used?
A) $358,000
B) $463.20
C) $358.00
D) $463,200
E) More information is needed to answer this question.
Correct Answer:
Verified
Correct Answer:
Verified
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