A Regression Analysis Between Sales (In $1000)and Advertising (In $100)resulted

question 33

Multiple Choice

A regression analysis between sales (in $1000) and advertising (in $100) resulted in the following least squares line: .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:

Direct Contact

involves interaction between individuals or entities without intermediaries, allowing for immediate communication or exchange.

Communication

The process of exchanging information and ideas between individuals or entities, often involving speaking, writing, or using other mediums.

Legitimate Power

The authority derived from a formal position or role in an organization, which allows someone to influence others.

Supplier

A supplier is an entity that provides goods or services to another organization, playing a crucial role in the supply chain by influencing product quality, costing, and availability.