Multiple Choice
Regression analysis was applied between sales (in $1000) and advertising (in $100) and the following regression function was obtained. = 500 + 4x
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.
Correct Answer:

Verified
Correct Answer:
Verified
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