A Regression Analysis Between Sales (In $1,000)and Advertising (In $1,000)resulted $\hat { y } = 80 + 5 x$

question 227

Multiple Choice

A regression analysis between sales (in $1,000) and advertising (in $1,000) resulted in the following least squares line: $\hat { y } = 80 + 5 x$ .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.

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Definitions:

Routine Listening

The process of regularly paying attention to and understanding auditory information during everyday activities.

Marginal Listening

A type of listening where the listener pays minimal attention and provides little feedback, often missing important details in the communication.

Peripheral Listening

Paying attention to indirect or background information during a conversation, which may offer additional insights.

Active Listening

The practice of fully concentrating, understanding, responding, and remembering what is being said during communication.