Mathematics, 06.05.2020 03:43 Gabysh4105

Regression analysis was applied between sales (y in $1000) and advertising (x in $100) and the following estimated regression equation was obtained.
Y^ = 80 + 6.2x
1. Based on the above estimated regression line, if advertising is $10,000, then the point estimate for sales (in dollars) is .
a. $700,000.
b. $700.
c. $62,080.
d. $142,000.

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Regression analysis was applied between sales (y in $1000) and advertising (x in $100) and the follo...