A regression analysis between sales (y in $1000) and advertising (x in dollars) resulted in the following equation: = 50,000 + 6x ?
The above equation implies that an increase of _____.
A) $6 in advertising is associated with an increase of $6,000 in sales
B) $1 in advertising is associated with an increase of $6 in sales
C) $1 in advertising is associated with an increase of $56,000 in sales
D) $1 in advertising is associated with an increase of $6,000 in sales
Correct Answer:
Verified
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