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