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A Regression Analysis Between Sales (In $1000) and Price (In

Question 98

Multiple Choice

A regression analysis between sales (in $1000) and price (in dollars) resulted in the following equation A regression analysis between sales (in $1000) and price (in dollars) resulted in the following equation <font face= symbol ></font> 50,000 <font face= symbol ></font> 8x The above equation implies that an A) increase of $1 in price is associated with a decrease of $8 in sales B) increase of $8 in price is associated with an increase of $8,000 in sales C) increase of $1 in price is associated with a decrease of $42,000 in sales D) increase of $1 in price is associated with a decrease of $8000 in sales 50,000 8x The above equation implies that an


A) increase of $1 in price is associated with a decrease of $8 in sales
B) increase of $8 in price is associated with an increase of $8,000 in sales
C) increase of $1 in price is associated with a decrease of $42,000 in sales
D) increase of $1 in price is associated with a decrease of $8000 in sales

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