A Regression Analysis Between Sales (In $1000) and Price (In

question 98

Multiple Choice

A regression analysis between sales (in $1000) and price (in dollars) resulted in the following equation  50,000  8x The above equation implies that an

• A)increase of $1 in price is associated with a decrease of $8 in sales
• B)increase of $8 in price is associated with an increase of $8,000 in sales
• C)increase of $1 in price is associated with a decrease of $42,000 in sales
• D)increase of $1 in price is associated with a decrease of $8000 in sales

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Definitions:

Prognosis

A forecast of the probable course and outcome of a disease or situation, often based on medical diagnosis or evidence.

Recovery Rate

The proportion of individuals who recover from a disease or condition out of the total number of individuals diagnosed, often used to evaluate treatment effectiveness.

Mental Illness

A wide range of mental health conditions that affect mood, thinking, and behavior, often requiring clinical diagnosis and management.

Adaptive Behaviour

Actions and skills that allow an individual to meet standards of personal independence and social responsibility suitable for their age and cultural group.