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A regression analysis between X-Price (in dollars) of a particular item and Y-Sales (in $1000) of that particular item resulted in the following equation: 9-50-8x The above equation implies tha b. a. if the price is increased by $1 then we would expect Sales to increase by $50,000. if the price is increased by $1 then we would expect Sales to increase by $42,000. e. if the price is increased by $1 then we would expect Sales to decrease by $49,992. d. if the price is increased by $1 then we would expect Sales to decrease by $8000.

A regression analysis between X-Price (in dollars) of a particular item and Y-Sales (in $1000) of that particular item resulted in the following equation: 9-50-8x The above equation implies tha b. a. if the price is increased by $1 then we would expect Sales to increase by $50,000. if the price is increased by $1 then we would expect Sales to increase by $42,000. e. if the price is increased by $1 then we would expect Sales to decrease by $49,992. d. if the price is increased by $1 then we would expect Sales to decrease by $8000.

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter4: Equations Of Linear Functions
Section4.6: Regression And Median-fit Lines
Problem 19PFA
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A regression analysis between X-Price (in dollars) of a particular item and Y=Sales (in $1000) of that particular item resulted in the following equation: 9-50-8x The above equation implies that b. a. if the price is increased by $1 then we would expect Sales to increase by $50,000. if the price is increased by $1 then we would expect Sales to increase by $42,000. e. if the price is increased by $1 then we would expect Sales to decrease by $49,992. d. if the price is increased by $1 then we would expect Sales to decrease by $8000.
Transcribed Image Text:A regression analysis between X-Price (in dollars) of a particular item and Y=Sales (in $1000) of that particular item resulted in the following equation: 9-50-8x The above equation implies that b. a. if the price is increased by $1 then we would expect Sales to increase by $50,000. if the price is increased by $1 then we would expect Sales to increase by $42,000. e. if the price is increased by $1 then we would expect Sales to decrease by $49,992. d. if the price is increased by $1 then we would expect Sales to decrease by $8000.
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