This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: A regression analysis between sales (Y in $1000) and advertising (X in dollars) resulted in the ... (Read 138 times)

bryantpr01

  • Full Member
  • ***
  • Posts: 166
on: Mar 25, 2023

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

= 30,000 + 4 X

The above equation implies that an


◦

increase of $4 in advertising is associated with an increase of $4,000 in sales


◦

increase of $1 in advertising is associated with an increase of $4 in sales


◦

increase of $1 in advertising is associated with an increase of $34,000 in sales


◦

increase of $1 in advertising is associated with an increase of $4,000 in sales

Essentials of Statistics for Business and Economics ¦ Anderson, Sweeney, Williams, Camm, Cochran ¦ 7th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by bryantpr01 on Mar 25, 2023

jacquelyngibson

  • Full Member
  • ***
  • Posts: 161
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.
Answer Preview
Only 25% of students answer this correctly


bryantpr01

  • Member
  • Posts: 166
Reply 2 on: Mar 25, 2023
Great answer, keep it coming :)

coreycathey

  • Member
  • Posts: 333
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

Studies show that systolic blood pressure can be significantly lowered by taking statins. In fact, the higher the patient's baseline blood pressure, the greater the effect of statins on his or her blood pressure.

Did you know?

Malaria mortality rates are falling. Increased malaria prevention and control measures have greatly improved these rates. Since 2000, malaria mortality rates have fallen globally by 60% among all age groups, and by 65% among children under age 5.

Did you know?

Illicit drug use costs the United States approximately $181 billion every year.

Did you know?

Asthma is the most common chronic childhood disease in the world. Most children who develop asthma have symptoms before they are 5 years old.

Did you know?

When blood is exposed to air, it clots. Heparin allows the blood to come in direct contact with air without clotting.

Much time and effort occurs between the development of a research idea and the statistical analysis Much time and effort occurs between the development of a research idea and the statistical analysis
ABG Analysis ABG Analysis
Perspective analysis of Duccio, Annunciation of the Death of the Virgin, from the Maestà ... Perspective analysis of Duccio, Annunciation of the Death of the Virgin, from the Maestà ...
VITROS DT60II automated blood analysis system. VITROS DT60II automated blood analysis system.
Reference points for posture analysis. Reference points for posture analysis.
Allelic phase analysis in human families A and B Allelic phase analysis in human families A and B
Video: DNA fingerprinting Animation

For a complete list of videos, visit our video library