In the Model Sales = 268 + 7

question 87

True/False

In the model Sales = 268 + 7.37 Ads (both variables in dollars) an additional $1 spent on ads will increase sales by 7.37 percent.

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Definitions:

Ounces

A unit of weight commonly used in the United States, where one pound is equal to 16 ounces.

Soft Drink

A soft drink is a non-alcoholic beverage, usually carbonated, flavored with various sweeteners and other ingredients.

Gallons

A unit of volume measurement used primarily in the United States, equivalent to 3.785 liters.

Liters

A metric unit of volume equal to one cubic decimeter, used to measure liquids and gases.