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