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:

Free-rein Followers

Individuals who prefer minimal supervision, requiring leaders to trust in their ability to work independently toward goals.

Task Forces

Special groups set up to achieve a specific goal, often characterized by their temporary nature and focused objective.

Independent Projects

Independent projects are tasks or initiatives undertaken without the direct oversight or involvement of a larger organization, allowing for autonomy and self-direction.

Traditional Duties

Responsibilities or tasks that are traditionally assigned based on cultural, societal, or historical norms.