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Author Question: A regression analysis between sales (in $1000) and price (in dollars) resulted in the following ... (Read 94 times)

april 19

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on: Mar 25, 2023

A regression analysis between sales (in $1000) and price (in dollars) resulted in the following equation

= 60 - 8X

The above equation implies that an


◦

increase of $1 in price is associated with a decrease of $8 in sales


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increase of $8 in price is associated with an decrease of $52,000 in sales


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increase of $1 in price is associated with a decrease of $52 in sales


◦

increase of $1 in price is associated with a decrease of $8000 in sales

Essentials of Statistics for Business and Economics ¦ Anderson, Sweeney, Williams, Camm, Cochran ¦ 7th Edition
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Marked as best answer by april 19 on Mar 25, 2023

JulianneMu

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Reply #1 on: Mar 25, 2023
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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april 19

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Reply 2 on: Mar 25, 2023
YES! Correct, THANKS for helping me on my review

yeungji

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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