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Regression Analysis Was Applied Between Sales (In $1,000) and Advertising

Question 4

Multiple Choice

Regression analysis was applied between sales (in $1,000) and advertising (in $100) , and the following regression function was obtained. Regression analysis was applied between sales (in $1,000) and advertising (in $100) , and the following regression function was obtained. = 80 + 6.2x Based on the above estimated regression line, if advertising is $10,000, then the point estimate for sales (in dollars) is A) $62,080 B) $142,000 C) $700 D) $700,000 = 80 + 6.2x Based on the above estimated regression line, if advertising is $10,000, then the point estimate for sales (in dollars) is


A) $62,080
B) $142,000
C) $700
D) $700,000

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