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Home Q & A Board Science-Related Homework Help Mathematics Statistics and Probability
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slapaburger slapaburger
wrote...
7 years ago
A regression analysis between sales (in 1000) and advertising (in ) resulted in the following least squares line: = 80,000 + 5x. This implies that an:
 a. increase of 1 in advertising is expected to result in an increase of 5 in sales.
  b. increase 5 in advertising is expected to result in an increase of 5,000 in sales.
  c. increase of 1 in advertising is expected to result in an increase of 80,005 in sales.
  d. increase of 1 in advertising is expected to result in an increase of 5,000 in sales.
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wrote...
#1
7 years ago
D
slapaburger Author
wrote...
#2
7 years ago
Appreciate your effort, thank you
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