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You are given the following information about advertising expenditure and sales.
Advertisement (X) Sales (Y) (Rs. in lakh)
Arithmetic Mean 10 90
Standard Deviation 3 12
Correlation coefficient between advertising expenditure and sales 0.80. What is the likely sales for advertising budget of Rs. 15 lakh?

A. Rs. 120 lakh

B. Rs. 106 lakh

C. Rs. 58 lakh

D. Rs. 48 lakh

Answer: Option B


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