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

question 17

True/False

A regression analysis between sales (in $1000)and advertising (in $)resulted in the following least squares line: $\hat { Y }$
= 32 + 8X.This implies that an increase of $1 in advertising is expected to result in an increase of $40 in sales.

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