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A Regression Analysis Between Sales (Y)and Advertising (X)(both in Dollars)resulted

Question 11

Multiple Choice

A regression analysis between sales (Y) and advertising (X) (both in dollars) resulted in the following equation: A regression analysis between sales (Y) and advertising (X) (both in dollars) resulted in the following equation: = 100 + 2000X The above equation implies that an A) increase of $1 in advertising is correlated with an increase of $2,000 in sales. B) increase of $1 in advertising is correlated with an increase of $2 in sales. C) increase of $1 in advertising is correlated with an increase of $100 in sales. D) increase of $1 in advertising is correlated with an increase of $2100 in sales. = 100 + 2000X The above equation implies that an


A) increase of $1 in advertising is correlated with an increase of $2,000 in sales.
B) increase of $1 in advertising is correlated with an increase of $2 in sales.
C) increase of $1 in advertising is correlated with an increase of $100 in sales.
D) increase of $1 in advertising is correlated with an increase of $2100 in sales.

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