Exhibit 15-2 A Regression Model Between Sales (Y in $1,000), Unit Price

question 115

Multiple Choice

Exhibit 15-2
A regression model between sales (Y in $1,000) , unit price (X₁ in dollars) and television advertisement (X₂ in dollars) resulted in the following function: For this model SSR = 3500, SSE = 1500, and the sample size is 18.
-Refer to Exhibit 15-2. The coefficient of X₂ indicates that if television advertising is increased by $1 (holding the unit price constant) , sales are expected to

• A)increase by $5
• B)increase by $12,000
• C)increase by $5,000
• D)decrease by $2,000

---

Definitions:

U.S. Dollars

The official currency of the United States, represented by the symbol $ and used as the standard unit of money in international financial transactions.

Euro

The official currency of the Eurozone, used by 19 of the 27 European Union member states.

U.S. Currency

The official money issued by the United States, including coins and paper notes.

U.S. Dollars

The official currency of the United States, widely used in international transactions and represented as USD.