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Solve the Problem y=55.8+2.79xy=55.8+2.79 x Where xx Is the Cost of Advertising (In Thousands of Dollars) And Costs

Question 183

Multiple Choice

Solve the problem.
-The paired data below consist of the costs of advertising (in thousands of dollars) and the number of products sold (in thousands) . By using linear regression, the following equation is obtained: y=55.8+2.79xy=55.8+2.79 x where xx is the cost of advertising (in thousands of dollars) and yy is number of products sold (in thousands) . Use this equation to predict the number of products sold if the cost of advertising is $12,000\$ 12,000 .
 Solve the problem. -The paired data below consist of the costs of advertising (in thousands of dollars)  and the number of products sold (in thousands) . By using linear regression, the following equation is obtained:  y=55.8+2.79 x  where  x  is the cost of advertising (in thousands of dollars)  and  y  is number of products sold (in thousands) . Use this equation to predict the number of products sold if the cost of advertising is  \$ 12,000 .   A)  89.28 B)   33,535.8  C)  95.98 D)  86.28


A) 89.28
B) 33,535.833,535.8
C) 95.98
D) 86.28

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