A Regression Analysis Between Sales (Y in $1000) and Advertising

question 114

Multiple Choice

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

• A)increase of $4 in advertising is associated with an increase of $4,000 in sales
• B)increase of $1 in advertising is associated with an increase of $4 in sales
• C)increase of $1 in advertising is associated with an increase of $34,000 in sales
• D)increase of $1 in advertising is associated with an increase of $4,000 in sales

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Definitions:

Piaget's Theory

A comprehensive theory of cognitive development that describes how children construct a mental model of the world through different stages.

Cognitive Skills

Abilities related to the process of knowing, including aspects such as awareness, perception, reasoning, and judgment.

Robert Siegler

An American psychologist known for his work in children's cognitive development, particularly in the areas of mathematical understanding and strategy choice.

Recognition

The action or process of acknowledging or honoring someone's status, achievements, rights, or existence, often as a form of validation or respect.