A regression analysis between sales (Y)and advertising (X)(both in dollars)resulted in the following equation: = 100 + 2000X The above equation implies that an
A)increase of $1 in advertising is correlated with an increase of $2,000 in sales.
B)increase of $1 in advertising is correlated with an increase of $2 in sales.
C)increase of $1 in advertising is correlated with an increase of $100 in sales.
D)increase of $1 in advertising is correlated with an increase of $2100 in sales.

Question

A regression analysis between sales (Y)and advertising (X)(both in dollars)resulted in the following equation:  = 100 + 2000X The above equation implies that an
A)increase of $1 in advertising is correlated with an increase of $2,000 in sales. 
B)increase of $1 in advertising is correlated with an increase of $2 in sales. 
C)increase of $1 in advertising is correlated with an increase of $100 in sales. 
D)increase of $1 in advertising is correlated with an increase of $2100 in sales.

Quizplus · Accepted Answer

The Answer of A regression analysis between sales (Y)and advertising (X)(both in dollars)resulted in the following equation:  = 100 + 2000X The above equation implies that an
A)increase of $1 in advertising is correlated with an increase of $2,000 in sales. 
B)increase of $1 in advertising is correlated with an increase of $2 in sales. 
C)increase of $1 in advertising is correlated with an increase of $100 in sales. 
D)increase of $1 in advertising is correlated with an increase of $2100 in sales.

A Regression Analysis Between Sales (Y)and Advertising (X)(both in Dollars)resulted