A regression analysis between sales (in thousands of dollars) and advertising (in hundreds of dollars) resulted in the following least squares line: . This implies that if advertising is 800 dollars, then the predicted amount of sales (in dollars) is: A. 487,500 dollars B. 12,300 dollars C. 123,000 dollars D. 4,875 dollars
Given the least squares regression line , and a coefficient of determination of 0.81, the coefficient of correlation is: A. 0.90 B. -0.90 C. -0.85 D. 0.85
In order to get credit for this problem all answers must be correct.