An online shopping website collected data regarding its operations and obtained the following linear regression model for the estimated revenue in millions, the hat notation Y , based on the click-through rate in thousands, x. What is the best interpretation of the value of the estimated slope of 0.2? Select one. When there are no clicks on the website, the estimated revenue is $0.2 million. The estimated change in revenue for each additional thousand clicks is $0.2 million. Every click on the website causes $0.2 million more revenue. The estimated change in the click-through rate is 0.2 thousand for each for each one million in revenue.

An online shopping website collected data regarding its operations and obtained the following linear regression model for the estimated revenue in millions, the hat notation Y , based on the click-through rate in thousands, x. What is the best interpretation of the value of the estimated slope of 0.2? Select one. When there are no clicks on the website, the estimated revenue is $0.2 million. The estimated change in revenue for each additional thousand clicks is $0.2 million. Every click on the website causes $0.2 million more revenue. The estimated change in the click-through rate is 0.2 thousand for each for each one million in revenue.

A First Course in Probability (10th Edition)

10th Edition

ISBN:9780134753119

Author:Sheldon Ross

Publisher:Sheldon Ross

Chapter1: Combinatorial Analysis

Section: Chapter Questions

Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...

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	When there are no clicks on the website, the estimated revenue is $0.2 million.
	The estimated change in revenue for each additional thousand clicks is $0.2 million.
	Every click on the website causes $0.2 million more revenue.
	The estimated change in the click-through rate is 0.2 thousand for each for each one million in revenue.