1. A regression analysis between sales (in $1000) and advertising (in $) resulte

Question

1. A regression analysis between sales (in $1000) and advertising (in $) resulted in the following least squares line: y 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 S5,000 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 S5,000 in sales.

Explanation / Answer

Option-D) increases in $1 in advertising is expected to result in an increase in $5000 in sales

  

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