A Regression Analysis Between Sales (In $1000)and Advertising (In $100)resulted $\hat{y}$

question 113

Multiple Choice

A regression analysis between sales (in $1000) and advertising (in $100) resulted in the following least squares line: $\hat{y}$ = 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.

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Definitions:

Complete Performance

Complete Performance refers to the full and exact execution of all terms and obligations as outlined in a contract or agreement, leaving no duties unfulfilled.

Tender

An offer to perform an obligation or supply goods at a fixed price.

Condition Subsequent

A condition in a contract that, if it occurs, terminates an already established right or obligation.

Tender

refers to the offer of payment of money or the performance of an obligation in order to discharge a debt or fulfill a contract.