This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Regression analysis was applied between sales (in $1000) and advertising (in $100) and the following ... (Read 27 times)

olgamartinez04

  • Full Member
  • ***
  • Posts: 124
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
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by olgamartinez04 on Mar 25, 2023

Sha

  • Full Member
  • ***
  • Posts: 179
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.
Answer Preview
Only 49% of students answer this correctly


olgamartinez04

  • Member
  • Posts: 124
Reply 2 on: Mar 25, 2023
:D TYSM

parshano

  • Member
  • Posts: 333
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

Hyperthyroidism leads to an increased rate of metabolism and affects about 1% of women but only 0.1% of men. For most people, this increased metabolic rate causes the thyroid gland to become enlarged (known as a goiter).

Did you know?

As the western states of America were settled, pioneers often had to drink rancid water from ponds and other sources. This often resulted in chronic diarrhea, causing many cases of dehydration and death that could have been avoided if clean water had been available.

Did you know?

A seasonal flu vaccine is the best way to reduce the chances you will get seasonal influenza and spread it to others.

Did you know?

Certain rare plants containing cyanide include apricot pits and a type of potato called cassava. Fortunately, only chronic or massive ingestion of any of these plants can lead to serious poisoning.

Did you know?

The newest statin drug, rosuvastatin, has been called a superstatin because it appears to reduce LDL cholesterol to a greater degree than the other approved statin drugs.

Rosalind Franklin and X-ray diffraction applied to DNA wet fibres Rosalind Franklin and X-ray diffraction applied to DNA wet fibres
DNA analysis of phylogenetic relationships among modern and extinct flightless birds by Cooper and c DNA analysis of phylogenetic relationships among modern and extinct flightless birds by Cooper and c
Perspective analysis of Leonardo da Vinci, The Last Supper. Perspective analysis of Leonardo da Vinci, The Last Supper.
Swot analysis Swot analysis
In the PCR amplification and analysis of one STR locus In the PCR amplification and analysis of one STR locus
Mutation analysis of the -globin gene promoter Mutation analysis of the -globin gene promoter
Video: Mendel's Pea Experiment

For a complete list of videos, visit our video library