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A Regression Analysis Between Sales (In $1000) and Advertising (In

Question 35

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A regression analysis between sales (in $1000) and advertising (in $100) yielded the least squares line A regression analysis between sales (in $1000)  and advertising (in $100)  yielded the least squares line    = 75 +6x. This implies that if $800 is spent on advertising, then the predicted amount of sales (in dollars)  is: A)  $4875. B)  $123 000. C)  $487 500. D)  $12 300.
= 75 +6x. This implies that if $800 is spent on advertising, then the predicted amount of sales (in dollars) is:


A) $4875.
B) $123 000.
C) $487 500.
D) $12 300.

Correct Answer:

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