Consider the following sample regression equation = 200 + 10x, where y is the supply for Product A (in 1,000s) and x is the price of Product A (in $). If the price of Product A is $5, then we expect supply to be ________.
A) 250
B) 2,500
C) 25,000
D) 250,000

Question

Consider the following sample regression equation  = 200 + 10x, where y is the supply for Product A (in 1,000s) and x is the price of Product A (in $). If the price of Product A is $5, then we expect supply to be ________.
A) 250 
B) 2,500 
C) 25,000 
D) 250,000

Quizplus · Accepted Answer

The Answer of Consider the following sample regression equation  = 200 + 10x, where y is the supply for Product A (in 1,000s) and x is the price of Product A (in $). If the price of Product A is $5, then we expect supply to be ________.
A) 250 
B) 2,500 
C) 25,000 
D) 250,000

Consider the Following Sample Regression Equation = 200