Use the following to answer the question(s) below.
A manager of Kim & Lim corporate strategy department thinks that dollars spent on advertising can to some extent be a predictor of total sales dollars. As an aid in long-term planning, she analyzes the following sales and advertising numbers for 2015 (both in $millions). Information was collected from eight companies of Kim & Lim.

-Use the following regression equation Total Sales = -35.017 + 15.148 Advertising To express statistical dependence of total sales on advertising expenses in the given sample (both numbers in $millions). A company with $5,900,000 advertising expenses is expected to have total sales of
A) $54,356,200.
B) $89,373,165.
C) loss of $117.
D) loss of $117,244,800.
E) $5,435,620.

Question

Use the following to answer the question(s) below.
A manager of Kim & Lim corporate strategy department thinks that dollars spent on advertising can to some extent be a predictor of total sales dollars. As an aid in long-term planning, she analyzes the following sales and advertising numbers for 2015 (both in $millions). Information was collected from eight companies of Kim & Lim.
 
-Use the following regression equation Total Sales = -35.017 + 15.148 Advertising To express statistical dependence of total sales on advertising expenses in the given sample (both numbers in $millions). A company with $5,900,000 advertising expenses is expected to have total sales of
A) $54,356,200. 
B) $89,373,165. 
C) loss of $117. 
D) loss of $117,244,800. 
E) $5,435,620.

Quizplus · Accepted Answer

The Answer is A

Use the Following to Answer the Question(s) Below