A regression analysis between sales (in $1,000) and advertising (in $1,000) resulted in the following least squares line: . This implies that:
A) as advertising increases by $1,000, sales increases by $5,000.
B) as advertising increases by $1,000, sales increases by $80,000.
C) as advertising increases by $5, sales increases by $80.
D) None of these choices.
Correct Answer:
Verified
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