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

Short Answer

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: $\begin{array}{|l|l|}\hline A&\text { \$ 4,875}\\\hline B&\text {\$ 123,000 }\\\hline C&\text { \$ 487,500}\\\hline D&\text { \$ 12,300}\\\hline \end{array}$