Data Were Collected on Monthly Sales Revenues (In $1,000s) and Monthly

question 48

Multiple Choice

Data were collected on monthly sales revenues (in $1,000s) and monthly advertising expenditures ($100s) for a sample of drug stores. The regression line relating revenues
(Y) to advertising expenditure (X) is estimated to be yˆ = −48.3 + 9.00x . The correct
Interpretation of the slope is that for each additional

• A) $1 spent on advertising, predicted sales revenue increases by $9,000.
• B) $100 spent on advertising, predicted sales revenue increases by $9,000.
• C) $100 spent on advertising, predicted sales revenue decreases by $9,000.
• D) $1,000 in sales revenue, advertising expenditures decrease by $48.30.
• E) $100 in sales revenue, advertising expenditures decrease by $48.30.

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Definitions:

E-cigarettes

Electronic devices that simulate the experience of smoking tobacco by producing an aerosol, often containing nicotine, that the user inhales.

Higher Education

Education provided by universities and colleges, often focusing on academic and professional degrees beyond the secondary level.

Tobacco Use

The act of consuming tobacco products, including smoking cigarettes, cigars, or using smokeless tobacco, often leading to addiction and health complications.

Binge-drinking Rate

The proportion of individuals in a population who consume an excessive amount of alcohol in a short period of time.