Multiple Choice
Suppose your lead analyst runs a simple regression of Profits (Y) on price (X) . You know that the average profit in the sample was $1,000 and the average price was $25. If your analyst reports that the intercept from the simple regression is 900, what can you infer about the estimated slope?
A) The estimated slope is 4.
B) The estimated slope is -4.
C) The estimated slope is 2.
D) None of these choices are correct.
Correct Answer:
Verified
Correct Answer:
Verified
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