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A Regression Analysis Between X = Sales (In $1000s)and Y

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A regression analysis between X = sales (in $1000s)and Y = advertising (in $)resulted in the following least squares line: A regression analysis between X = sales (in $1000s)and Y = advertising (in $)resulted in the following least squares line: = 32 + 8X.This implies that an increase of $1 in advertising is expected to result in an increase of $40 in sales. = 32 + 8X.This implies that an increase of $1 in advertising is expected to result in an increase of $40 in sales.

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