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Regression Analysis Was Applied Between Sales (In $10,000) and Advertising

Question 3

Multiple Choice

Regression analysis was applied between sales (in $10,000) and advertising (in $100) and the following regression function was obtained. Regression analysis was applied between sales (in $10,000) and advertising (in $100) and the following regression function was obtained. = 50 + 8 X Based on the above estimated regression line if advertising is $1,000, then the point estimate for sales (in dollars) is A) $8,050 B) $130 C) $130,000 D) $1,300,000 = 50 + 8 X Based on the above estimated regression line if advertising is $1,000, then the point estimate for sales (in dollars) is


A) $8,050
B) $130
C) $130,000
D) $1,300,000

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