Multiple Choice
After transforming data, a model of retail sales of furniture and fixtures in Canada on value of building permits yielded the following equation: log10 (Sales) = 2.33 + 0.57 log10 (Value of permits)
What is the predicted value of retail sales if the value of building permits is $700,000?
A) $458,887.14
B) $5.66
C) $2,137.96
D) $3.33
E) $22,060.33
Correct Answer:
Verified
Correct Answer:
Verified
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