An marketing analyst wants to examine the relationship between sales (in $1,000s)and advertising (in $100s)for firms in the food and beverage industry and collects monthly data for 25 firms.He estimates the model: Sales = β₀ +β₁ Advertising + ε.The following ANOVA table below shows a portion of the regression results. Which of the following is true? A) If Advertising goes up by $100,then on average,Sales go up by $2,880. B) If Sales go up by $100,then on average,Advertising goes up by $2,880. C) If Advertising goes up by $100,then on average,Sales go up by $4,298. D) If Sales go up by $100,then on average,Advertising goes up by $4,298.

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The Answer of An marketing analyst wants to examine the relationship between sales (in $1,000s)and advertising (in $100s)for firms in the food and beverage industry and collects monthly data for 25 firms.He estimates the model: Sales = β₀ +β₁ Advertising + ε.The following ANOVA table below shows a portion of the regression results. Which of the following is true? A) If Advertising goes up by $100,then on average,Sales go up by $2,880. B) If Sales go up by $100,then on average,Advertising goes up by $2,880. C) If Advertising goes up by $100,then on average,Sales go up by $4,298. D) If Sales go up by $100,then on average,Advertising goes up by $4,298.

An Marketing Analyst Wants to Examine the Relationship Between Sales