Multiple Choice
Regression analysis was applied between sales (in $1000s) and advertising (in $100s) , and the following regression function was obtained. ? = 80 + 6.2x
?
Based on the above estimated regression line, if advertising is $10,000, then the point estimate for sales (in dollars) is _____.
A) $62,080
B) $142,000
C) $700
D) $700,000
Correct Answer:

Verified
Correct Answer:
Verified
Q54: If a data set has SST =
Q55: In a simple regression analysis (where y
Q56: In simple linear regression, r<sup>2</sup> is the
Q57: If the coefficient of correlation is .8,
Q58: SSE can never be _.<br>A) larger than
Q59: Given below are seven observations collected
Q60: If the coefficient of correlation is a
Q63: Compared to the confidence interval estimate for
Q64: The proportion of the variation in the
Q64: The least squares criterion is _.<br>A)