A Regression Model Between Sales (Y in $1000), Unit Price $\hat { y }$

Multiple Choice

A regression model between sales (y in $1000) , unit price (x₁ in dollars) , and television advertisement (x₂ in dollars) resulted in the following function:
$\hat { y }$ = 7 - 3x₁ + 5x₂

For this model, SSR = 3500, SSE = 1500, and the sample size is 18.The coefficient of x₂ indicates that if television advertisement is increased by $1 (holding the unit price constant) , sales are expected to

A) increase by $5.
B) increase by $12,000.
C) increase by $5000.
D) decrease by $2000.