A regression analysis between sales (in $1000) and advertising (in $100) resulted in the following least squares line: .This implies that if advertising is $800, then the predicted amount of sales (in dollars) is:
A) $4875
B) $123,000
C) $487,500
D) $12,300

Question

A regression analysis between sales (in $1000) and advertising (in $100) resulted in the following least squares line:  .This implies that if advertising is $800, then the predicted amount of sales (in dollars) is:
A) $4875 
B) $123,000 
C) $487,500 
D) $12,300

Quizplus · Accepted Answer

The Answer of A regression analysis between sales (in $1000) and advertising (in $100) resulted in the following least squares line:  .This implies that if advertising is $800, then the predicted amount of sales (in dollars) is:
A) $4875 
B) $123,000 
C) $487,500 
D) $12,300

A Regression Analysis Between Sales (In $1000) and Advertising (In