Multiple Choice
Which sales forecast is correct based on the regression model described below if the company decides to spend $10,000 on advertising:
Y = 70.5 + 3.0x
Where: y = unit sales in thousands
X = dollars spent on advertising on thousands
Where are forecasted unit sales?
A) 100.5 units.
B) 30,070.5 units.
C) 73.5 units.
D) 30.503 units.
E) 1,000.5 units.
Correct Answer:

Verified
Correct Answer:
Verified
Q31: The use of mathematical models is the
Q32: Changes in which of the following may
Q33: To use regression analysis effectively as a
Q34: Accurate sales forecasts would be difficult to
Q35: In sales department budgeting,items for sales force
Q37: Which of the following best represents the
Q38: Budgeting in the sales department is most
Q39: Wayne Rexburg,a marketing analyst for Bosco Incorporated,uses
Q40: A market index is a market factor
Q41: Which of the following statements is true?<br>A)The