Regression analysis was applied between sales (in $1000s) and advertising (in $100s), and the following regression function was obtained. y = 500 + 4x Based 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
b
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Which of the following is not an investing activity?
a. Purchase of investments for cash. b. Purchase of equipment for cash. c. Sale of merchandise for cash. d. Sale of land for cash.
Ron and Gail plan to lower Fun-Spot's prices in an effort to encourage customers to stay longer, visit more often, and spend more money during each visit. What type of strategy are Ron and Gail planning?
A) market penetration B) market development C) product development D) product adaptation E) diversification
______ are small, short-term loans often associated with entrepreneurs in developing countries
a. no-interest loans b. high-interest loans c. microloans d. miniloans
Which of the following is not needed in order to have a valid contract?
A) Consideration B) An agreement C) A legal object D) A signed written document E) Contractual capacity