Consider the Following Regression Analysis Between Sales (Y in $1,000)and

Multiple Choice

Consider the following regression analysis between sales (Y in $1,000) and social media advertising (X in dollars) . = 55,000 + 7X The regression equation implies that an ________.

A) increase of $7 in advertising is associated with an increase of $7,000 in sales
B) increase of $1 in advertising is associated with an increase of $7 in sales
C) increase of $1 in advertising is associated with an increase of $62,000 in sales
D) increase of $1 in advertising is associated with an increase of $7,000 in sales