Which Sales Forecast Is Correct Based on the Regression Model

question 36

Multiple Choice

Which sales forecast is correct based on the regression model described below if the company decides to spend $10,000 on advertising:
Y = 70.5 + 3.0x
Where: y = unit sales in thousands
X = dollars spent on advertising on thousands
Where are forecasted unit sales?

• A)100.5 units.
• B)30,070.5 units.
• C)73.5 units.
• D)30.503 units.
• E)1,000.5 units.

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