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.

Question

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.

Quizplus · Accepted Answer

The Answer of 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.

A Regression Analysis Between Sales (In $1,000)and Advertising (In $1,000)resulted