MCQOPTIONS
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| 1. |
Regression analysis was applied between $ sales (y) and $ advertising (x) across all the branches of a major international corporation. The following regression function was obtained) ! = 5000 + 7.25x If the advertising budgets of two branches of the corporation differ by $30,000, then what will be the predicted difference in their sales? __________ |
| A. | $217,500 |
| B. | $222,500 |
| C. | $5000 |
| D. | $7.25 |
| Answer» B. $222,500 | |