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A Regression Analysis Between X = Sales (In $1000s)and Y

Question 34

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A regression analysis between X = sales (in $1000s)and Y = advertising ($)resulted in the following least squares line: A regression analysis between X = sales (in $1000s)and Y = advertising ($)resulted in the following least squares line: = 84 +7X.This implies that if advertising is $800,then the predicted amount of sales (in dollars)is $140,000. = 84 +7X.This implies that if advertising is $800,then the predicted amount of sales (in dollars)is $140,000.

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