Mathematics, 18.12.2019 03:31, sadsociety41

Regression analysis was applied between sales data (in $1,000s) and advertising data (in $100s) and the following information was obtained: y=12+1.8x, n=17, ssr=225, sse=75, and sb=0.2683. based on the information provided, if advertising is $3,000, then the point estimate for sales (in dollars) is

a. $66,000
b. $5,412
c. $66
d. $17,400
e. none of the above answers is correct

Answers: 3

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Regression analysis was applied between sales data (in $1,000s) and advertising data (in $100s) and...