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Data Were Collected on Monthly Sales Revenues (In $1,000 s\$ 1,000 \mathrm {~s}

Question 12

Multiple Choice

Data were collected on monthly sales revenues (in $1,000 s\$ 1,000 \mathrm {~s} ) and monthly advertising expenditures ($100( \$ 100 s) for a sample of drug stores. The regression line relating revenues (Y) to advertising expenditure (X) ( \mathrm { X } ) is estimated to be y^=48.3+9.00x\hat { y } = - 48.3 + 9.00 x . The predicted sales revenue for a month in which $1,000\$ 1,000 was spent on advertising is


A) $50,000\$ 50,000 .
B) $851.70\$ 851.70 .
C) $8,951.70\$ 8,951.70 .
D) $41,700\$ 41,700 .
E) $90,000\$ 90,000 .

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