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

Question 36

Multiple Choice

A regression analysis between sales (in $1000) and advertising (in $) resulted in the following least-squares line: A regression analysis between sales (in $1000) and advertising (in $) resulted in the following least-squares line: = 80,000 + 5x. What does this imply? A) An increase of $1 in advertising is expected, on average, to result in an increase of $5 in sales. B) An increase of $5 in advertising is expected, on average, to result in an increase of $5000 in sales. C) An increase of $1 in advertising is expected, on average, to result in an increase of $5000 in sales. D) An increase of $1 in advertising is expected, on average, to result in an increase of $80,005 in sales. = 80,000 + 5x. What does this imply?


A) An increase of $1 in advertising is expected, on average, to result in an increase of $5 in sales.
B) An increase of $5 in advertising is expected, on average, to result in an increase of $5000 in sales.
C) An increase of $1 in advertising is expected, on average, to result in an increase of $5000 in sales.
D) An increase of $1 in advertising is expected, on average, to result in an increase of $80,005 in sales.

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