Regression Analysis Was Applied Between Sales (In $1000) and Advertising $\hat { y }$

question 87

Multiple Choice

Regression analysis was applied between sales (in $1000) and advertising (in $100) and the following regression function was obtained. $\hat { y }$ = 500 + 4x

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.

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Definitions:

Sequence

A specific order in which related events, movements, or things follow each other.

Neural Networks

Computing systems vaguely modeled on the biological neural networks of the human brain, capable of machine learning and pattern recognition.

Cortical Areas

Regions within the cerebral cortex, each associated with specific functions, such as sensory processing, motor control, and cognitive tasks.

Motor Skills

Abilities that require the coordination of muscles and the nervous system to perform precise movements, often categorized as fine or gross motor skills.