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:

Structuralism

An approach in psychology that seeks to understand the structure of the mind by analyzing the components of mental experiences.

Psychological Approach

A method or strategy in psychology that focuses on understanding mental processes, behaviors, and emotional responses of individuals.

Behavior And Consciousness

Refers to the study of how actions (behavior) are influenced by or related to one's awareness and thought processes (consciousness).

Stream Of Consciousness

A narrative mode that attempts to capture the flow of thoughts and feelings running through the mind.