Consider the Following Regression Analysis Between Sales (Y in $1,000)

question 59

Multiple Choice

Consider the following regression analysis between sales (Y in $1,000) and social media advertising (X in dollars) . = 55,000 + 7X The regression equation implies that an:

• A) increase of $7 in advertising is associated with an increase of $7,000 in sales.
• B) increase of $1 in advertising is associated with an increase of $7 in sales.
• C) increase of $1 in advertising is associated with an increase of $62,000 in sales.
• D) increase of $1 in advertising is associated with an increase of $7,000 in sales.

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Definitions:

Magma Chambers

Large pools of molten rock located beneath the Earth's surface, where magma accumulates before it is erupted as lava during a volcanic eruption.

Reef

A structure formed in shallow waters by the growth and deposit of marine organisms such as corals and calcareous algae, providing diverse habitats for marine life.

Transform Fault

A type of fault where two tectonic plates slide past each other horizontally, often causing earthquakes.

Transform Fault

A type of fault where two tectonic plates slide horizontally past each other, typically associated with seismic activity.