Sales Revenue 847Dbd
1. The problem states that the regression equation is $$Y=50+2X$$ where $Y$ is the sales revenue in thousands of dollars and $X$ is the number of sales calls made.
2. We need to find the predicted sales revenue when $X=15$ sales calls.
3. The formula to predict $Y$ is simply substituting $X=15$ into the equation:
$$Y=50+2(15)$$
4. Calculate the value:
$$Y=50+30=80$$
5. Since $Y$ is in thousands of dollars, the predicted sales revenue is $80,000$.
Final answer: $80,000$