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Question
Regression analysis was applied between sales (in $1,000) and advertising (in $100), and the following regression function was obtained.
= 80 + 6.2xBased on the above estimated regression line, if advertising is $10,000, then the point estimate for sales (in dollars) is
a. $62,080
b. $142,000
c. $700
d. $700,000
Answer
This answer is hidden. It contains 1 characters.
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