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Question
Exhibit 12-3Regression analysis was applied between sales data (in $1,000s) and advertising data (in $100s) and the following information was obtained.
= 12 + 1.8xn= 17
SSR = 225
SSE = 75
sb1= 0.2683
Refer to Exhibit 12-3. Based on the above estimated regression equation, if advertising is $3,000, then the point estimate for sales (in dollars) is
a. $66,000
b. $5,412
c. $66
d. $17,400
Answer
This answer is hidden. It contains 1 characters.
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