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Linear Models: Slope and Intercept
Grade Level
GMAT
DI.093 Linear Models: Slope and Intercept
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A model predicts monthly profit y in thousands of dollars from units sold x in hundreds: y = 7.8x - 12. What is the model's predicted profit for 1,500 units sold?
A
$11,688,000
B
$93,000
C
$117,000
D
$105,000
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