A regression analysis between sales (y in $1000) and advertising (x in $100) resulted in the following least squares line: = 82 +7x. This implies that if advertising is $900, then the predicted amount of sales (in dollars) is:
A) $6,382
B) $88,300
C) $145,000
D) $82,063
E) 6382000

Question

A regression analysis between sales (y in $1000) and advertising (x in $100) resulted in the following least squares line:  = 82 +7x. This implies that if advertising is $900, then the predicted amount of sales (in dollars) is:
A) $6,382 
B) $88,300 
C) $145,000 
D) $82,063 
E) 6382000

Quizplus · Accepted Answer

The Answer of A regression analysis between sales (y in $1000) and advertising (x in $100) resulted in the following least squares line:  = 82 +7x. This implies that if advertising is $900, then the predicted amount of sales (in dollars) is:
A) $6,382 
B) $88,300 
C) $145,000 
D) $82,063 
E) 6382000

A Regression Analysis Between Sales (Y in $1000) and Advertising