Regression Analysis Was Applied Between Sales in $1000) and Advertising $\hat { Y }$

question 68

Multiple Choice

Regression analysis was applied between sales in $1000) and advertising in $100) and the following regression function was obtained. = 500 + 4 X
$\hat { Y }$ Based on the above estimated regression line if advertising is $10,000, then the point estimate for sales in dollars) is

• A) $900
• B) $900,000
• C) $40,500
• D) $505,000

---

Definitions:

Left-brained

Pertaining to traits associated with the left hemisphere of the brain, including analytical thinking, logic, and detailed analysis.

Right-brained

Referring to someone who is believed to be more creative, intuitive, and subjective, based on the theory of right-brain or left-brain dominance.

Habit Loop

A psychological pattern that involves a cue, a routine, and a reward, which helps to form habits.

Habits

Regular practices or routines that individuals perform, often automatically and without much thought, shaping behaviors and outcomes.