Suppose that a company wishes to predict sales volume based on the amount of advertising expenditures. The sales manager thinks that sales volume and advertising expenditures are modeled according to the following linear equation. Both sales volume and advertising expenditures are in thousands of dollars. Estimated Sales Volume = 49.89 + 0.51 (Advertising Expenditures If the company has a target sales volume of $125,000, how much should the sales manager allocate for advertising in the budget? Round your answer to the nearest dollar.
Suppose that a company wishes to predict sales volume based on the amount of advertising expenditures. The sales manager thinks that sales volume and advertising expenditures are modeled according to the following linear equation. Both sales volume and advertising expenditures are in thousands of dollars. Estimated Sales Volume = 49.89 + 0.51 (Advertising Expenditures If the company has a target sales volume of $125,000, how much should the sales manager allocate for advertising in the budget? Round your answer to the nearest dollar.
College Algebra (MindTap Course List)
12th Edition
ISBN:9781305652231
Author:R. David Gustafson, Jeff Hughes
Publisher:R. David Gustafson, Jeff Hughes
Chapter2: Functions And Graphs
Section2.4: Writing And Graphing Equations Of Lines
Problem 100E
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