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

Question 32

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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