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Question
A regression analysis between sales (Y) and advertising (X) (both in dollars) resulted in the following equation:
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.
Answer
This answer is hidden. It contains 10 characters.
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