Data were collected on monthly sales revenues (in $1,000s) and monthly advertising expenditures ($100s) for a sample of drug stores.The regression line relating revenues
(Y) to advertising expenditure (X) is estimated to be .The predicted
Sales revenue for a month in which $1,000 was spent on advertising is
A)$50,000.
B)$851.70.
C)$8,951.70.
D)$41,700.
E)$90,000.

Question

Data were collected on monthly sales revenues (in $1,000s) and monthly advertising expenditures ($100s) for a sample of drug stores.The regression line relating revenues
(Y) to advertising expenditure (X) is estimated to be  .The predicted
Sales revenue for a month in which $1,000 was spent on advertising is
A)$50,000. 
B)$851.70. 
C)$8,951.70. 
D)$41,700. 
E)$90,000.

Quizplus · Accepted Answer

The Answer of Data were collected on monthly sales revenues (in $1,000s) and monthly advertising expenditures ($100s) for a sample of drug stores.The regression line relating revenues
(Y) to advertising expenditure (X) is estimated to be  .The predicted
Sales revenue for a month in which $1,000 was spent on advertising is
A)$50,000. 
B)$851.70. 
C)$8,951.70. 
D)$41,700. 
E)$90,000.

Data Were Collected on Monthly Sales Revenues (In $1,000s) and Monthly