A Regression Analysis Between Sales (In $1000)and Advertising (In $)Resulted $\hat{y}$

question 54

Multiple Choice

A regression analysis between sales (in $1000) and advertising (in $) resulted in the following least squares line: $\hat{y}$ = 80,000 + 5x.This implies that an:

• A) increase of $1 in advertising is expected to result in an increase of $5 in sales.
• B) increase $5 in advertising is expected to result in an increase of $5,000 in sales.
• C) increase of $1 in advertising is expected to result in an increase of $80,005 in sales.
• D) increase of $1 in advertising is expected to result in an increase of $5,000 in sales.

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Definitions:

Battery

Intentional physical contact or harm to another person without their consent, considered a criminal offense and tort.

Assault

An intentional tort that prohibits any attempt or offer to cause harmful or offensive contact with another if it results in a well-grounded apprehension of imminent battery in the mind of the threatened person.

Threatens

Expressing or implying an intention to cause harm or negative consequences in order to influence someone's actions or decisions.

Nuisance

An act, condition, or thing that interferes with the use or enjoyment of property.