Exhibit 14-4 Regression Analysis Was Applied Between Sales Data (Y in $1,000s)

Multiple Choice

Exhibit 14-4
Regression analysis was applied between sales data (Y in $1,000s) and advertising data (x in $100s) and the following information was obtained. = 12 + 1.8 x
n = 17
SSR = 225
SSE = 75
S_b1 = 0.2683
-Refer to Exhibit 14-4. Based on the above estimated regression equation, if advertising is $3,000, then the point estimate for sales (in dollars) is

A) $66,000
B) $5,412
C) $66
D) $17,400