Multiple Choice
A regression analysis between sales (in $1000) and advertising (in $) resulted in the following least squares line: = 80,000 + 5x.This implies that an:
A) increase of $1 in advertising is expected to result in an increase of $5 in sales.
B) increase $5 in advertising is expected to result in an increase of $5,000 in sales.
C) increase of $1 in advertising is expected to result in an increase of $80,005 in sales.
D) increase of $1 in advertising is expected to result in an increase of $5,000 in sales.
Correct Answer:

Verified
Correct Answer:
Verified
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