A regression analysis between sales (in $1000) and price (in dollars) resulted in the following equation: y = 50,000 - 8X. This equation implies that an A. None of these B. increase of $1 in price is associated with a decrease of $42,000 in sales C. increase of $1 in price is associated with a decrease of $8000 in sales D. increase of $1 in price is associated with a decrease of $8 in sales E. increase of $8 in price is associated with an increase of $8,000 in sales

A regression analysis between sales (in $1000) and price (in dollars) resulted in the following equation: y = 50,000 - 8X. This equation implies that an A. None of these B. increase of $1 in price is associated with a decrease of $42,000 in sales C. increase of $1 in price is associated with a decrease of $8000 in sales D. increase of $1 in price is associated with a decrease of $8 in sales E. increase of $8 in price is associated with an increase of $8,000 in sales

Advanced Engineering Mathematics

10th Edition

ISBN:9780470458365

Author:Erwin Kreyszig

Publisher:Erwin Kreyszig

Chapter2: Second-order Linear Odes

Section: Chapter Questions

Problem 1RQ

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