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A Regression Analysis Between Sales (In $1,000)and Advertising (In $1,000)resulted y^=80+5x\hat { y } = 80 + 5 x

Question 227

Multiple Choice

A regression analysis between sales (in $1,000) and advertising (in $1,000) resulted in the following least squares line: y^=80+5x\hat { y } = 80 + 5 x .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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