Regression Analysis Was Applied Between Sales (In $10,000) and Advertising $\hat { y }$

question 67

Multiple Choice

Regression analysis was applied between sales (in $10,000) and advertising (in $100) and the following regression function was obtained. $\hat { y }$ = 50 + 8x

Based on the above estimated regression line, if advertising is $1000, then the point estimate for sales (in dollars) is

• A) $8050.
• B) $130.
• C) $130,000.
• D) $1,300,000.

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Definitions:

Romance Language

A branch of the Indo-European language family that evolved from Latin, including languages like Spanish, French, Italian, Portuguese, and Romanian.

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A Romance language spoken as a first language in France and several other countries and territories.

Implicit Premises

Unstated assumptions or beliefs that support a conclusion within an argument, not explicitly expressed but understood in the reasoning.

Infinite Number

A quantity larger than any finite count, unable to be exactly measured or fully enumerated.