A Regression Analysis Between Sales (In $1000) and Price (In

question 100

Multiple Choice

A regression analysis between sales (in $1000) and price (in dollars) resulted in the following equation = 60 - 8X The above equation implies that an

• A)increase of $1 in price is associated with a decrease of $8 in sales
• B)increase of $8 in price is associated with an decrease of $52,000 in sales
• C)increase of $1 in price is associated with a decrease of $52 in sales
• D)increase of $1 in price is associated with a decrease of $8000 in sales

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