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Author Question: Regression analysis was applied between sales (in $1000) and advertising (in $100) and the following ... (Read 21 times)

olgamartinez04

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on: Mar 25, 2023

Question 1

Regression analysis was applied between sales (in $10,000) and advertising (in $100) and the following regression function was obtained.

= 50 + 8 X

Based on the above estimated regression line if advertising is $1,000, then the point estimate for sales (in dollars) is


◦

$8,050


◦

$130


◦

$130,000


◦

$1,300,000



Question 2

Regression analysis was applied between sales (in $1000) and advertising (in $100) and the following regression function was obtained.

= 500 + 4 X

Based on the above estimated regression line if advertising is $10,000, then the point estimate for sales (in dollars) is


◦

$900


◦

$900,000


◦

$40,500


◦

$505,000

Essentials of Statistics for Business and Economics ¦ Anderson, Sweeney, Williams, Camm, Cochran ¦ 7th Edition
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Marked as best answer by olgamartinez04 on Mar 25, 2023

Sha

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Reply #1 on: Mar 25, 2023
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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olgamartinez04

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Reply 2 on: Mar 25, 2023
Great answer, keep it coming :)

shailee

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Reply 3 on: Yesterday
Wow, this really help

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