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A Regression Analysis Between Sales (In $)And Advertising (In $)Resulted y^=60+5x\hat { y } = 60 + 5 x

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A regression analysis between sales (in $)and advertising (in $)resulted in the following least squares line: y^=60+5x\hat { y } = 60 + 5 x .This implies that an increase of $1 in advertising is associated with an increase of $60 in sales.


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