A Regression Analysis Between Sales (In $1000) and Advertising (In

question 77

Multiple Choice

A regression analysis between sales (in $1000) and advertising (in $100) resulted in the following least squares line: = 75 +6x. 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
• E) $79,800

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Definitions:

Account Numbers

Unique numeric or alphanumeric codes assigned to each specific account within an accounting system for identification and organization purposes.

Edit Preferences

The action or process of changing settings or options within a software or system to match user requirements.

Sales on Account

Transactions where goods or services are sold and payment is agreed to be made at a later date.

Make Deposits

The process of putting money into a financial account, which can include cash, checks, or electronic transfers.