Consider the following sample regression equation = 200 + 10x,where y is the supply for Product A (in 1000s)(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 1000s)(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 1000s)(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