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A Regression Analysis Between Sales (In $1000)and Advertising (In $100)resulted y^\hat{y}

Question 113

Multiple Choice

A regression analysis between sales (in $1000) and advertising (in $100) resulted in the following least squares line: y^\hat{y} = 75 +6x.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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