A regression analysis between sales (in $1000) and advertising (in $100) yielded the least squares line
= 75 +6x. This implies that if $800 is spent on advertising, then the predicted amount of sales (in dollars) is:
A) $4875.
B) $123 000.
C) $487 500.
D) $12 300.

Question

A regression analysis between sales (in $1000) and advertising (in $100) yielded the least squares line 
 = 75 +6x. This implies that if $800 is spent on advertising, then the predicted amount of sales (in dollars) is:
A) $4875. 
B) $123 000. 
C) $487 500. 
D) $12 300.

Quizplus · Accepted Answer

The Answer of A regression analysis between sales (in $1000) and advertising (in $100) yielded the least squares line 
 = 75 +6x. This implies that if $800 is spent on advertising, then the predicted amount of sales (in dollars) is:
A) $4875. 
B) $123 000. 
C) $487 500. 
D) $12 300.

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