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Home Q & A Board Science-Related Homework Help Mathematics Statistics and Probability
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Mserna19 Mserna19
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6 years ago
A regression analysis between sales (in 1000s) and price (in dollars) resulted in the following equation: y = 50,000  8x The above equation implies that an increase of _____.
 a. 1 in price is associated with a decrease of 8 in sales
  b. 8 in price is associated with an increase of 8,000 in sales
  c. 1 in price is associated with a decrease of 42,000 in sales
  d. 1 in price is associated with a decrease of 8,000 in sales
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syaarsyaar
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