A regression analysis between sales (in $1000) and price (in dollars) gives the following equation: ý = 40, 000 – 5x Which of the following is a correct interpretation? O a. An increase of $1 in price...

A regression analysis between sales (in $1000) and price (in dollars) gives the following equation:<br>ý = 40, 000 – 5x<br>Which of the following is a correct interpretation?<br>O a. An increase of $1 in price is associated with a decrease of $5 in sales<br>O b. An increase of $1 in price is associated with a decrease of $35, 000 in sales<br>O C. An increase of $5 in price is associated with a increase of $5, 000 in sales<br>O d. An increase of $1 in price is associated with a decrease of $5, 000 in sales<br>

Extracted text: A regression analysis between sales (in $1000) and price (in dollars) gives the following equation: ý = 40, 000 – 5x Which of the following is a correct interpretation? O a. An increase of $1 in price is associated with a decrease of $5 in sales O b. An increase of $1 in price is associated with a decrease of $35, 000 in sales O C. An increase of $5 in price is associated with a increase of $5, 000 in sales O d. An increase of $1 in price is associated with a decrease of $5, 000 in sales

If r = 0.6, the percentage of variation in y explained by x is 60%.<br>Select one:<br>O True<br>O False<br>

Extracted text: If r = 0.6, the percentage of variation in y explained by x is 60%. Select one: O True O False

Jun 07, 2022

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A regression analysis between sales (in $1000) and price (in dollars) gives the following equation: ý = 40, 000 – 5x Which of the following is a correct interpretation? O a. An increase of $1 in price...

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