A Regression Analysis Between Sales (In $1000)and Advertising (In $100)resulted

question 49

True/False

A regression analysis between sales (in $1000)and advertising (in $100)resulted in the following least squares line: = 84 +7X.This implies that if there is no advertising,then the predicted amount of sales (in dollars)is $84,000.

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Definitions:

Growth Rate

The rate at which an organism or population increases in size, often measured as a percentage of increase over a specific period of time.

Death Rate

The ratio of deaths in an area to the population of that area; expressed per 1000 per year.

Birthrate

The number of live births per thousand of population per year.

Biotic Potential

The maximum reproductive capacity of an organism under optimum environmental conditions.