Regression Analysis Was Applied Between Sales (In $1000) and Advertising

question 135

Multiple Choice

Regression analysis was applied between sales (in $1000) and advertising (in $100) and the following regression function was obtained. = 500 + 4 X
Based on the above estimated regression line if advertising is $10,000, then the point estimate for sales (in dollars) is

• A)$900
• B)$900,000
• C)$40,500
• D)$505,000

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Smokeless Tobacco

A form of tobacco consumption that does not involve burning the tobacco, commonly used by chewing, sniffing, or placing the product between gum and cheek.

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