Regression Analysis Was Applied Between Sales (In $10,000) and Advertising

question 134

Multiple Choice

Regression analysis was applied between sales (in $10,000) and advertising (in $100) and the following regression function was obtained. = 50 + 8 X
Based on the above estimated regression line if advertising is $1,000, then the point estimate for sales (in dollars) is

• A)$8,050
• B)$130
• C)$130,000
• D)$1,300,000