Question 5 A regression analysis between sales (in $1000) and advertising (in $) resulted in the following least squares

Business, Finance, Economics, Accounting, Operations Management, Computer Science, Electrical Engineering, Mechanical Engineering, Civil Engineering, Chemical Engineering, Algebra, Precalculus, Statistics and Probabilty, Advanced Math, Physics, Chemistry, Biology, Nursing, Psychology, Certifications, Tests, Prep, and more.
Post Reply
answerhappygod
Site Admin
Posts: 899559
Joined: Mon Aug 02, 2021 8:13 am

Question 5 A regression analysis between sales (in $1000) and advertising (in $) resulted in the following least squares

Post by answerhappygod »

Question 5 A Regression Analysis Between Sales In 1000 And Advertising In Resulted In The Following Least Squares 1
Question 5 A Regression Analysis Between Sales In 1000 And Advertising In Resulted In The Following Least Squares 1 (29.86 KiB) Viewed 111 times
Question 5 A regression analysis between sales (in $1000) and advertising (in $) resulted in the following least squares line: y = 80,000 + 5x. This implies that an: Not yet answered Marked out of 4.00 O a. p Flag question increase of $1 in advertising is expected to result in an increase of $5,000 in sales O b. increase $5 in advertising is expected to result in an increase of $5,000 in sales O c. increase of $1 in advertising is expected to result in an increase of $80,005 in sales O d. increase of $1 in advertising is expected to result in an increase of $5 in sales
Join a community of subject matter experts. Register for FREE to view solutions, replies, and use search function. Request answer by replying!
Post Reply