Analytics Tech. Inc. has developed the following sales forecasting model to help predict revenue (in thousands) in regards to how much is spent on advertising.

Revenue = 123.5 + 2.3(Dollars), with a standard error of the estimate to be 31.2.

7)

How much revenue would you see if no money was spent on advertising? How much revenue would you see if $250 was spent on advertising?

What would the range (prediction/confidence interval) of this forecasting using two standard errors of the estimate? Assuming that you spent $250 on advertising.

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