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Data Were Collected on Monthly Sales Revenues (In $1,000s) and Monthly

Question 8

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Data were collected on monthly sales revenues (in $1,000s) and monthly advertising expenditures ($100s) for a sample of drug stores.The regression line relating revenues
(Y) to advertising expenditure (X) is estimated to be Data were collected on monthly sales revenues (in $1,000s)  and monthly advertising expenditures ($100s)  for a sample of drug stores.The regression line relating revenues (Y)  to advertising expenditure (X)  is estimated to be   .The predicted Sales revenue for a month in which $1,000 was spent on advertising is A) $50,000. B) $851.70. C) $8,951.70. D) $41,700. E) $90,000. .The predicted
Sales revenue for a month in which $1,000 was spent on advertising is


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

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