In the model Sales = 268 + 7.37 Ads (both variables in dollars) an additional $1 spent on ads will increase sales by 7.37 percent.

Name: In the model Sales = 268 + 7.37 Ads (both variables in dollars) an additional $1 spent on ads will increase sales by 7.37 percent.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

The coefficient of the variable Ads in the model is 7.37, which means that an additional $1 spent on ads will increase sales by $7.37, not 7.37 percent.

In the Model Sales = 268 + 7