In the following equation ŷ = 25,000 + 2 x with given sales ( γ in $500) and marketing ( x in dollars), what does the equation imply? a) An increase of $1 in marketing is associated with an increase...


In the following equationŷ = 25,000 + 2x with given sales (γ in $500) and marketing (x in dollars), what does the equation imply?



a) An increase of $1 in marketing is associated with an increase of $26,000 in sales.


b) An increase of $1 in marketing is associated with an increase of $1,000 in sales.


c) An increase of $2 in marketing is associated with an increase of $26,000 in sales.


d) An increase of $2 in marketing is associated with an increase of $1,000 in sales.



Jun 02, 2022
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