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Mathematics, 02.12.2019 08:31 michellemonroe012305

The director of marketing at a large company wants to determine if the amount of money spent on internet marketing is a good predictor of company profit. she fits a least-squares regression line to 20 months of data and computes the following regression line:

profit = 372.6 + 17.2(advertising dollars)

what is the value of the residual for advertising dollars spent equal to $1,020 and profit equal to $17,500? round to the nearest integer.

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