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A Regression Analysis Between Sales (Y in $1000) and Advertising

Question 78

Multiple Choice

A regression analysis between sales (y in $1000) and advertising (x in dollars) resulted in the following equation A regression analysis between sales (y in $1000) and advertising (x in dollars) resulted in the following equation = 50,000 + 6x The above equation implies that an A) increase of $6 in advertising is associated with an increase of $6,000 in sales B) increase of $1 in advertising is associated with an increase of $6 in sales C) increase of $1 in advertising is associated with an increase of $56,000 in sales D) increase of $1 in advertising is associated with an increase of $6,000 in sales = 50,000 + 6x The above equation implies that an


A) increase of $6 in advertising is associated with an increase of $6,000 in sales
B) increase of $1 in advertising is associated with an increase of $6 in sales
C) increase of $1 in advertising is associated with an increase of $56,000 in sales
D) increase of $1 in advertising is associated with an increase of $6,000 in sales

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