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koklok123 koklok123
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6 years ago
A regression analysis between sales (y in 1000) and advertising (x in dollars) resulted in the following equation: y = 30,000 + 4x The above equation implies that an
 a. increase of 4 in advertising is associated with an increase of 4000 in sales.
  b. increase of 1 in advertising is associated with an increase of 4 in sales.
  c. increase of 1 in advertising is associated with an increase of 34,000 in sales.
  d. increase of 1 in advertising is associated with an increase of 4000 in sales.
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tgreen77tgreen77
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6 years ago
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koklok123 Author
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6 years ago
You make an excellent tutor!
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Helped a lot
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Brilliant
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