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A Regression Analysis Between Sales (In $1000)and Advertising (In $100)resulted

Question 33

Multiple Choice

A regression analysis between sales (in $1000) and advertising (in $100) resulted in the following least squares line: A regression analysis between sales (in $1000) and advertising (in $100) resulted in the following least squares line: .This implies that if advertising is $800,then the predicted amount of sales (in dollars) is: A) $4875 B) $123,000 C) $487,500 D) $12,300 .This implies that if advertising is $800,then the predicted amount of sales (in dollars) is:


A) $4875
B) $123,000
C) $487,500
D) $12,300

Correct Answer:

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