Multiple Choice
A regression analysis between sales (in $1000) and price (in dollars) resulted in the following equation: 
= 40 - 6x
The above equation implies that an
A) increase of $1 in price is associated with a decrease of $6 in sales.
B) increase of $8 in price is associated with a decrease of $24,000 in sales.
C) increase of $1 in price is associated with a decrease of $240 in sales.
D) increase of $1 in price is associated with a decrease of $6000 in sales.
Correct Answer:
Verified
Correct Answer:
Verified
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