Solved

Regression Analysis Was Applied Between Sales (In $1000) and Advertising

Question 83

Multiple Choice

Regression analysis was applied between sales (in $1000) and advertising (in $100) and the following regression function was obtained. ​ 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. = 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:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions