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Nalu Nalu
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6 years ago
A regression analysis between sales (in 1000) and price (in dollars) resulted in the following equation: = 60 - 8x The above equation implies that an
 a. increase of 1 in price is associated with a decrease of 8 in sales.
  b. increase of 8 in price is associated with a decrease of 52,000 in sales.
  c. increase of 1 in price is associated with a decrease of 52 in sales.
  d. increase of 1 in price is associated with a decrease of 8000 in sales.
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lirpaprillirpapril
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