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

question 6

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
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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.

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Definitions:

Women's Group Activities

Refer to organized events or gatherings specifically designed for women, aiming to support, educate, or provide social interaction.

Social Unrest

Public expressions of dissatisfaction, often involving protests or demonstrations, due to perceived injustices or government actions within a society.

Relative Deprivation

The perception of being worse off relative to some standard or compared to others, which can lead to feelings of injustice or dissatisfaction.

Egoistic

Pertaining to self-interest or selfishness, often characterized by actions prioritizing one's own benefits over others'.