Regression analysis was applied between sales (in $10,000) and advertising (in $100) and the following regression function was obtained. $\hat { y }$ = 50 + 8x

Based on the above estimated regression line, if advertising is $1000, then the point estimate for sales (in dollars) is
A) $8050.
B) $130.
C) $130,000.
D) $1,300,000.

Question

Regression analysis was applied between sales (in $10,000) and advertising (in $100) and the following regression function was obtained.  $\hat { y }$ = 50 + 8x
 
Based on the above estimated regression line, if advertising is $1000, then the point estimate for sales (in dollars) is
A) $8050.
B) $130.
C) $130,000.
D) $1,300,000.

Quizplus · Accepted Answer

The Answer of Regression analysis was applied between sales (in $10,000) and advertising (in $100) and the following regression function was obtained.  $\hat { y }$ = 50 + 8x
 
Based on the above estimated regression line, if advertising is $1000, then the point estimate for sales (in dollars) is
A) $8050.
B) $130.
C) $130,000.
D) $1,300,000.

Regression Analysis Was Applied Between Sales (In $10,000) and Advertising y^\hat { y }y^​

Regression Analysis Was Applied Between Sales (In $10,000) and Advertising $\hat { y }$