A regression model between sales (y in $1000) , unit price (x₁ in dollars) , and television advertisement (x₂ in dollars) resulted in the following function:
$\hat { y }$ = 7 - 3x₁ + 5x₂

For this model, SSR = 3500, SSE = 1500, and the sample size is 18.The coefficient of x₂indicates that if television advertisement is increased by $1 (holding the unit price constant) , sales are expected to

Question

A regression model between sales (y in $1000) , unit price (x₁ in dollars) , and television advertisement (x₂ in dollars) resulted in the following function:

\hat { y }

= 7 - 3x₁ + 5x₂

For this model, SSR = 3500, SSE = 1500, and the sample size is 18.The coefficient of x₂indicates that if television advertisement is increased by $1 (holding the unit price constant) , sales are expected to

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The Answer of A regression model between sales (y in $1000), unit price (x₁ in dollars), and television advertisement (x₂ in dollars) resulted in the following function: $\hat { y }$ = 7 - 3x₁ + 5x₂ For this model, SSR = 3500, SSE = 1500, and the sample size is 18.The coefficient of x₂indicates that if television advertisement is increased by $1 (holding the unit price constant), sales are expected to A) increase by $5. B) increase by $12,000. C) increase by $5000. D) decrease by $2000.

A Regression Model Between Sales (Y in $1000), Unit Price y^\hat { y }y^​

A Regression Model Between Sales (Y in $1000), Unit Price $\hat { y }$