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
Correct Answer:
Verified
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You are given the following
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