Regression Analysis Was Applied Between Sales (Y in $1,000) and Advertising

question 50

Multiple Choice

Regression analysis was applied between sales (Y in $1,000) and advertising (X in $100) , and the following estimated regression equation was obtained. = 80 + 6.2 X
Based on the above estimated regression line, if advertising is $10,000, then the point estimate for sales (in dollars) is

• A)$62,080
• B)$142,000
• C)$700
• D)$700,000

---

Definitions:

Excitement Function

The role or effect that an activity or stimulus has in generating a feeling of excitement or heightened emotional response.

Echo Chamber Effect

The phenomenon where beliefs are amplified or reinforced by communication and repetition inside a closed system, limiting exposure to differing viewpoints.

Dissenting Viewpoints

refers to opinions that differ or disagree with the prevailing or mainstream ideas and perspectives.

Largely Unconscious Ways

Refers to behaviors, thoughts, or processes that individuals engage in without deliberate intention or awareness, often stemming from innate tendencies or socialization.