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

question 25

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, then the point estimate for sales (in dollars) is

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

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Definitions:

Civil Rights Movement

A historic series of events and social movements in the United States aimed at ending racial discrimination and securing African Americans' legal rights.

"Walk to Freedom"

A significant march for civil rights in Detroit, June 1963, described as a demonstration of solidarity for racial justice and equality, preceding the famous March on Washington.

Martin Luther King, Jr.

An American Baptist minister and activist who became the most visible spokesperson and leader in the Civil Rights Movement from 1955 until his assassination in 1968.

Detroit

A major city in the state of Michigan, known for its significant impact on the automotive industry.