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

---

Definitions:

AIDA Plan

A marketing model focusing on the stages of Attention, Interest, Desire, and Action to guide advertising strategies.

Paying Off

The act of completely settling a debt or investment, often resulting in a positive or profitable outcome.

Smartphone Users

Individuals who use mobile phones that offer advanced functionalities beyond making phone calls, including internet access, apps, and multimedia capabilities.

Shopping Related

Activities, experiences, or services that are connected to or intended for the purchase of goods and products.