Multiple Choice
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.
Correct Answer:

Verified
Correct Answer:
Verified
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