a regression analysis between sales x and advertising y resulted in the following regression lin

Name: a regression analysis between sales x and advertising y resulted in the following regression line y 75 6x this implies that if advertising is 15480 then the predicted amount of sales in doll 83162
Uploaded: 2023-08-29T02:54:16-08:00
Duration: 1 min 45 s
Channel: Adi S
Description: a regression analysis between sales x and advertising y resulted in the following regression line y 75 6x this implies that if advertising is 15480 then the predicted amount of sales in doll 83162

Question

Jainendra Ojha · Accepted Answer

First, we need to plug in the given value of advertising ($15480) into the regression line equat

Question

A regression analysis between sales (x) and advertising (y) resulted in the following regression line: y' = 75 + 6x. This implies that if advertising is $15,480, then the predicted amount of sales (in dollars) is: a. $2,592.50 b. $2,655 c. $92,955 d. $92,805 e. $2,567.50

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