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

Question 84

Multiple Choice

A regression analysis between sales (y in $1000) and advertising (x in $100) resulted in the following least squares line: A regression analysis between sales (y in $1000) and advertising (x in $100) resulted in the following least squares line: = 82 +7x. This implies that if advertising is $900, then the predicted amount of sales (in dollars) is: A) $6,382 B) $88,300 C) $145,000 D) $82,063 E) 6382000 = 82 +7x. This implies that if advertising is $900, then the predicted amount of sales (in dollars) is:


A) $6,382
B) $88,300
C) $145,000
D) $82,063
E) 6382000

Correct Answer:

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