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

Question 16

Multiple Choice

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

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