A regression analysis between sales (y in $1000) and advertising (x in $100) resulted in the following least squares line: ŷ = 82 +7x. This implies that if advertising is $900, then the predicted amount of sales (in dollars) is: O a. $88,300 O b. $6,382 O c. $145,000 O d. $82,063

College Algebra
10th Edition
ISBN:9781337282291
Author:Ron Larson
Publisher:Ron Larson
ChapterP: Prerequisites
Section: Chapter Questions
Problem 115RE: Sales Barnes & Noble had annual sales of $6.8 billion in 2013 and $6.1 billion in 2015. Use the...
icon
Related questions
Topic Video
Question

16

A regression analysis between sales (y in $1000) and advertising (x in $100) resulted in the following
least squares line: ŷ = 82 + 7x. This implies that if advertising is $900, then the predicted amount
of sales (in dollars) is:
O a. $88,300
O b. $6,382
| c. $145,000
d. $82,063
Clear my choice
Transcribed Image Text:A regression analysis between sales (y in $1000) and advertising (x in $100) resulted in the following least squares line: ŷ = 82 + 7x. This implies that if advertising is $900, then the predicted amount of sales (in dollars) is: O a. $88,300 O b. $6,382 | c. $145,000 d. $82,063 Clear my choice
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps

Blurred answer
Knowledge Booster
Discrete Probability Distributions
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, probability and related others by exploring similar questions and additional content below.
Recommended textbooks for you
College Algebra
College Algebra
Algebra
ISBN:
9781337282291
Author:
Ron Larson
Publisher:
Cengage Learning
Functions and Change: A Modeling Approach to Coll…
Functions and Change: A Modeling Approach to Coll…
Algebra
ISBN:
9781337111348
Author:
Bruce Crauder, Benny Evans, Alan Noell
Publisher:
Cengage Learning
Elementary Linear Algebra (MindTap Course List)
Elementary Linear Algebra (MindTap Course List)
Algebra
ISBN:
9781305658004
Author:
Ron Larson
Publisher:
Cengage Learning
Algebra & Trigonometry with Analytic Geometry
Algebra & Trigonometry with Analytic Geometry
Algebra
ISBN:
9781133382119
Author:
Swokowski
Publisher:
Cengage