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Commerce · Q7

Business Statistics and Research Methods

Graduate and Post Graduate · Commerce · question 7

Q7

The regression equation of profits (X) on sales (Y) of a firm is given as: 3Y - 5X + 10 = 0. If the sales of the firm is Rs. 44,000, the profit will be

A.
Rs. 23,370
B.
Rs. 26,422
Answer
C.
Rs. 24,422
D.
Rs. 21,370

Answer: Option B

Solution

Answer: Option B
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