## A regression analysis between sales (y in $1000) and advertising (x in dollars) resulted in the following equation y = 50,000 + 6x. T

Question

A regression analysis between sales (y in $1000) and advertising (x in dollars) resulted in the following equation y = 50,000 + 6x.

The above equation implies that an:

A. increase of $6 in advertising is associated with an increase of $6,000 in sales.

B. increase of $1 in advertising is associated with an increase of $6 in sales.

C. increase of $1 in advertising is associated with an increase of $56,000 in sales.

D. increase of $1 in advertising is associated with an increase of $6,000 in sales.

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Math
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2021-09-13T19:55:52+00:00
2021-09-13T19:55:52+00:00 1 Answer
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## Answers ( )

Answer:D. increase of $1 in advertising is associated with an increase of $6,000 in sales.

Step-by-step explanation:Every dollar in advertisting is multiply by 6 in the equation, but every unit in y represent $1000. That means that $1 1n advertisting is multiply by 6 and then by $1000, that is $1 in advertisting = $6000 in sales.