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
a. increase of $4 in advertising is associated with an increase of $4,000 in sales
b. increase of $1 in advertising is associated with an increase of $4 in sales
c. increase of $1 in advertising is associated with an increase of $34,000 in sales
d. increase of $1 in advertising is associated with an increase of $4,000 in sales
D
You might also like to view...
Companies that do not include environmental costs into the cost of production
a. Have an advantage over those companies that do so b. May face serious problems in the long run c. Are conscientious corporate citizens d. Are likely to have high production costs
An important managerial accounting report is the budget, which predicts revenues and expenses.
Answer the following statement true (T) or false (F)
Administrative agencies play an advisory role in the life of many industries but do not have the legal authority to enforce their opinions
Indicate whether the statement is true or false
The ALPHANUMERIC datatype can be used to store characters and numbers to a maximum width of 2000
a. True b. False Indicate whether the statement is true or false