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

question 4

Multiple Choice

Regression analysis was applied between sales (in $1,000) and advertising (in $100) , and the following regression function was obtained. = 80 + 6.2x 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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Definitions:

Adhesion

The process by which two surfaces are held together by physical or chemical means; also refers to the abnormal sticking together of tissues in the body.

Process

A series of actions or steps taken in order to achieve a particular end.

Maximal

Pertaining to the highest or greatest possible amount or degree.

Root

The basic cause, source, or origin of something or the fundamental part of a word to which affixes can be added.