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

question 4

Multiple Choice

Regression analysis was applied between sales (Y in $1,000) and advertising (X in $100) , and the following estimated regression equation was obtained. = 80 + 6.2 X 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

---

Definitions:

Communication Situation

The context or environment in which communication occurs, including the participants, medium, and purpose.

Wants And Needs

Describes the requirements and desires of individuals or groups, serving as a fundamental concept in marketing and psychology.

Writer's Needs

The requirements or conditions necessary for an author to produce effective and efficient written communication, including a clear purpose and understanding of the audience.

Good Writing

Writing that is clear, concise, engaging, and appropriate for its intended audience and purpose.