Answer:
$104,329
Explanation:
Given that,
Least squares regression line from available data:
y = $106,729 - 0.8x
where,
y = Net income
x = Number of paper clips it purchases
If x = 3,000 paper clips are planned to be purchased next month then the next month's net income is calculated as follows:
= $106,729 - 0.8x
= $106,729 - (0.8 × 3,000)
= $106,729 - $2,400
= $104,329
