A regression analysis between sales (Y) and advertising (X) (both in dollars) resulted in the following equation: Y=200+12000X The above equation implies that an A) increase of $1 in advertising is correlated with an increase of $12,000 in sales. B) increase of $1 in advertising is correlated with an increase of $200 in sales. C) increase of $1 in advertising is correlated with a decrease of $12,000 in sales. D) increase of $1 in advertising is correlated with a decrease of $200 in sales.
A regression analysis between sales (Y) and advertising (X) (both in dollars) resulted in the following equation: Y=200+12000X The above equation implies that an A) increase of $1 in advertising is correlated with an increase of $12,000 in sales. B) increase of $1 in advertising is correlated with an increase of $200 in sales. C) increase of $1 in advertising is correlated with a decrease of $12,000 in sales. D) increase of $1 in advertising is correlated with a decrease of $200 in sales.
Algebra & Trigonometry with Analytic Geometry
13th Edition
ISBN:9781133382119
Author:Swokowski
Publisher:Swokowski
Chapter3: Functions And Graphs
Section3.3: Lines
Problem 76E
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