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A regression analysis between sales (in $1000) and advertising (in $100) resulted in the following least squares line: = 75 + 6x. This implies that
A regression analysis between sales (in $1000) and advertising (in $100) resulted in the following least squares line: = 75 + 6x. This implies that if advertising is $8000, then the predicted amount of sales (in dollars) is: [ The meaning of the $ amounts in parentheses is that if advertising is entered in the equation in hundreds of dollars, the equation gives the sales in thousands of dollars]
a.$123,000.
b.$555,000.
c.$487,500.
d.$12,300.
e.$4875.
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