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:

Altruistic Goals

Objectives aimed at benefiting others without expecting personal gain, reflecting selflessness and concern for the well-being of others.

Material Interests

Concerns or priorities based on tangible resources, assets, and physical or economic well-being rather than abstract or spiritual factors.

Physical Maturation

The biological growth processes that enable orderly changes in behavior, mostly independent of the environment but influenced by it.

Emotional Turbulence

Intense, rapidly changing, or conflicting feelings and emotions.