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

question 93

Multiple Choice

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

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

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Definitions:

Ivan Pavlov

A Russian physiologist known for his research in classical conditioning, famously demonstrated through experiments with dogs and the conditioning of their salivary responses.

John Watson

An American psychologist who established the psychological school of behaviorism, emphasizing the study of observable behavior.

Critical Thinking

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Scientific Disciplines

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