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QMCS 3311 (Chapter 12)

# QMCS 3311 (Chapter 12) - QMCS-Chapter 12 Quiz 1 ,. 2 3

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QMCS-Chapter 12 Quiz 1.  In regression analysis, the independent variable is  B. used to predict the dependent variable 2.  A procedure used for finding the equation of a straight line that provides the best approximation for the relationship between the in 3.  Regression analysis was applied between sales (in \$1,000) and advertising (in \$100), and the following regression function was o   y = 80 + 6.2 x   Based on the above estimated regression line, if advertising is \$10,000, then the point estimate for sales (in dollars) is  \$700,000 4.  A regression analysis between sales ( y  in \$1000) and advertising ( x  in dollars) resulted in the following equation y = 50,000 + 6 x   The above equation implies that an  increase of \$1 in advertising is associated with an increase of \$6,000 in sales

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QMCS 3311 (Chapter 12) - QMCS-Chapter 12 Quiz 1 ,. 2 3

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