Q. 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? __________ (Solved)

1. $217,500

2. $222,500

3. $5000

4. $7.25

  • a. $217,500
Subscribe Now

Get All Updates & News