A regression analysis between sales (Y in $1000) and advertising (X in dollars) resulted in the following equation: Y = 30,000 + 4X. The above equation implies that an

Question

A regression analysis between sales (Y in $1000) and advertising (X in dollars) resulted in the following equation:  Y = 30,000 + 4X. The above equation implies that an

Answer

increase of $1 in advertising is associated with an increase of $4 in sales

Answer

increase of $1 in advertising is associated with an increase of $4,000 in sales

Answer

increase of $4 in advertising is associated with an increase of $4,000 in sales

Answer

increase of $1 in advertising is associated with an increase of $34,000 in sales

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A regression analysis between sales (Y in $1000) and advertising (X in dollars) ...

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