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

question 51

Multiple Choice

A regression analysis between sales (in $1000) and advertising (in $100) resulted in the following least-squares line: = 75 +6x. From this information, if advertising is $800, then what is the predicted amount of sales (in dollars) ?

• A) $4,875
• B) $12,300
• C) $123,000
• D) $487,500

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Definitions:

General Manager

A key executive position responsible for overseeing daily operations and making strategic decisions within a department or organization.

Functional Areas

Distinct segments within an organization, each responsible for specific tasks or objectives, such as marketing, finance, or HR.

Open Systems Model

A theory in the realms of organizational behavior that views any organization as an open system influenced by, and actively influencing its environment.

Organisation's Environment

The external and internal factors that affect an organization's operations, including economic, technological, social, regulatory, and competitive elements.