Regression Analysis Was Applied Between Sales (Y in $1000) and Advertising

question 16

Multiple Choice

Regression analysis was applied between sales (y in $1000) and advertising (x in $100) and the following estimated regression equation was obtained. ​ = 80 + 6.2x
​
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:

National Union

A labor union that represents the interests of workers across an entire nation, across various industries or sectors.

Social Union

A type of union or group that focuses primarily on social activities, support, and engagement among its members, rather than on economic or political goals.

Craft Union

A type of union composed of workers who possess the same skills or trades.

Industrial Union

A type of union that includes the unskilled and semiskilled workers at a particular location.