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Regression Analysis Was Applied Between Sales in $1000) and Advertising Y^\hat { Y }

Question 68

Multiple Choice

Regression analysis was applied between sales in $1000) and advertising in $100) and the following regression function was obtained. = 500 + 4 X
Y^\hat { Y } Based on the above estimated regression line if advertising is $10,000, then the point estimate for sales in dollars) is


A) $900
B) $900,000
C) $40,500
D) $505,000

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