THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION:
A sales manager is interested in determining the relationship between the amount spent on advertising and total sales.The manager collects data for the past 24 months and runs a regression of sales on advertising expenditures.The results are presented below but,unfortunately,some values identified by asterisks are missing.
SUMMARY OUTPUT
-A regression analysis between sales (in $1000)and advertising (in $100)resulted in the following least squares line: = 75 + 5x.This implies that if advertising is $800,then the predicted amount of sales (in dollars)is:
A)$4075
B)$115,000
C)$164,000
D)$179,000

Question

THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION:
A sales manager is interested in determining the relationship between the amount spent on advertising and total sales.The manager collects data for the past 24 months and runs a regression of sales on advertising expenditures.The results are presented below but,unfortunately,some values identified by asterisks are missing.
SUMMARY OUTPUT 
-A regression analysis between sales (in $1000)and advertising (in $100)resulted in the following least squares line:  = 75 + 5x.This implies that if advertising is $800,then the predicted amount of sales (in dollars)is:
A)$4075 
B)$115,000 
C)$164,000 
D)$179,000

Quizplus · Accepted Answer

The Answer of THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION:
A sales manager is interested in determining the relationship between the amount spent on advertising and total sales.The manager collects data for the past 24 months and runs a regression of sales on advertising expenditures.The results are presented below but,unfortunately,some values identified by asterisks are missing.
SUMMARY OUTPUT 
-A regression analysis between sales (in $1000)and advertising (in $100)resulted in the following least squares line:  = 75 + 5x.This implies that if advertising is $800,then the predicted amount of sales (in dollars)is:
A)$4075 
B)$115,000 
C)$164,000 
D)$179,000