A regression analysis between sales in 1000 and advertising, Ask an Expert

Economics

A regression analysis between sales (in $1000) and advertising (in $100) resulted in the following least squares line: = 75 +6x. 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

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91423981

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