Exhibit 14-3 Regression Analysis Was Applied Between Sales Data (In $1,000s) and $1,000s)

question 102

Multiple Choice

Exhibit 14-3
Regression analysis was applied between sales data (in $1,000s) and advertising data (in $100s) and the following information was obtained.
-Refer to Exhibit 14-3. Based on the above estimated regression equation, if advertising is $3,000, then the point estimate for sales (in dollars) is

• A)$66,000
• B)$5,412
• C)$66
• D)$17,400

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