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

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