The correct interpretation of the slope is that for each additional Data were collected on monthly sales revenues (in $1,000s) and monthly advertising expenditures ($100s) for a sample of drug stores....


The correct interpretation of the slope is that for each additional Data were collected on monthly sales revenues (in $1,000s) and monthly advertising expenditures ($100s) for a sample of drug stores. The regression line relating revenues (Y) to advertising expenditure (X ) is estimated to be




ŷ = − 48.3 + 9.00x.

The predicted sales revenue for a month in which $1000 was spent on advertising is?



Jun 03, 2022
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