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How to Understand and Use Basic Statistics (with Pictures) How to Understand and Use Basic Statistics. Statistics is all about data. It helps us to make sense of all the raw data by systematic organisation and interpretation. Knowing how to use statistics gives you the ability to separate the...

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1) A regression analysis between sales, in $1,000, and advertising, in $100, resulted in the following least squares line: Sales' = 75 + 6*(Advertising). This implies that if advertising is $800, sales will be A.$4,875.

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