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

question 78

Multiple Choice

A regression analysis between sales (y in $1000) and advertising (x in dollars) resulted in the following equation = 50,000 + 6x The above equation implies that an

• A)increase of $6 in advertising is associated with an increase of $6,000 in sales
• B)increase of $1 in advertising is associated with an increase of $6 in sales
• C)increase of $1 in advertising is associated with an increase of $56,000 in sales
• D)increase of $1 in advertising is associated with an increase of $6,000 in sales

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