document.write( "Question 630638: A regression analysis between sales (Y) and advertising (X) (both in dollars) resulted in the following equation:
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document.write( " = 100 + 2000X\r
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document.write( "The above equation implies that an
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document.write( "Answer
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document.write( "A. increase of $1 in advertising is correlated with an increase of $2,000 in sales.\r
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document.write( "B. increase of $1 in advertising is correlated with an increase of $2 in sales.\r
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document.write( "C. increase of $1 in advertising is correlated with an increase of $100 in sales.\r
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document.write( "D. increase of $1 in advertising is correlated with an increase of $2100 in sales.
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Algebra.Com's Answer #397073 by stanbon(75887)![]() ![]() ![]() You can put this solution on YOUR website! A regression analysis between sales (Y) and advertising (X) (both in dollars) resulted in the following equation: \n" ); document.write( "= 100 + 2000X \n" ); document.write( "The above equation implies that an \n" ); document.write( "Answer \n" ); document.write( "A. increase of $1 in advertising is correlated with an increase of $2,000 in sales. \n" ); document.write( "B. increase of $1 in advertising is correlated with an increase of $2 in sales. \n" ); document.write( "C. increase of $1 in advertising is correlated with an increase of $100 in sales. \n" ); document.write( "D. increase of $1 in advertising is correlated with an increase of $2100 in sales. \n" ); document.write( "------------------- \n" ); document.write( "Ans: A \n" ); document.write( "Comment: slope is always the amount y changes (sales) when x (ads) \n" ); document.write( "increases by one.\r \n" ); document.write( "\n" ); document.write( "--- \n" ); document.write( "Cheers, \n" ); document.write( "Stan H. \n" ); document.write( " |