A Regression Analysis Between Sales (In $) and Advertising (In $\hat { y } = 60 + 5 x$

True/False

A regression analysis between sales (in $) and advertising (in $) resulted in the following least squares line: $\hat { y } = 60 + 5 x$ . This implies that an increase of $1 in advertising is associated with an increase of $60 in sales.