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Question
Regression analysis was applied between sales (in $1000) and advertising (in $100) and the following regression function was obtained.
= 500 + 4xBased on the above estimated regression line if advertising is $10,000, then the point estimate for sales (in dollars) is
a. $900
b. $900,000
c. $40,500
d. $505,000
Answer
This answer is hidden. It contains 1 characters.
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