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

Question 66

Multiple Choice

Regression analysis was applied between sales (in $1000) and advertising (in $100) and the following regression function was obtained. Regression analysis was applied between sales (in $1000) and advertising (in $100) and the following regression function was obtained. = 500 + 4 X 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 = 500 + 4 X 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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