A Regression Analysis Between Sales (In $1,000) and Advertising (In

question 146

Multiple Choice

A regression analysis between sales (in $1,000) and advertising (in $1,000) resulted in the following least squares line: . This implies that:

• A) as advertising increases by $1,000, sales increases by $5,000.
• B) as advertising increases by $1,000, sales increases by $80,000.
• C) as advertising increases by $5, sales increases by $80.
• D) None of these choices.

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