Multiple Choice
The equation for a simple linear regression that saw sales averaging $225,000 over the last ten periods,and advertising budgets averaging $3,000 over the last 10 periods is:
Y = 3250 + 120x
This indicates that a $1 increase in advertising will increase sales by:
A) $3370
B) $250
C) $120
D) $1875
Correct Answer:
Verified
Correct Answer:
Verified
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