A Regression Analysis Between Sales (In $1000) and Advertising (In $\hat { y } = 75 + 6 x$

question 136

Multiple Choice

A regression analysis between sales (in $1000) and advertising (in $100) resulted in the following least squares line: $\hat { y } = 75 + 6 x$ . 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

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Definitions:

Light Rays

Lines that represent the direction along which the light energy is moving.

Opacity

Lack of transparency or clarity in a material or lens, or the quality of being difficult to understand.

Analytical Aspect

The component of cognition that involves the logical breakdown of information into smaller parts for detailed examination and understanding.

Experiential Aspect

The component of a situation or event that is directly lived through and sensed by an individual.