Consider the following sample regression equation yˆ = 150 − 20x, where y is the demand for Product A (in 1,000s) and x is the price of the product (in $). The slope coefficient indicates that if _____ Consider the following sample regression equation y = 150 - 20x, where y is the demand for Product A (in 1,000s) and x is the price of the product (in $). The slopecoefficient indicates that ifMultiple Choicethe price of Product A increases by $1, then we predict the demand to decrease 20the price of Product A increases by $1, then we predict the demand to increase by 20the price of Product A increases by $1, then we predict the demand to decrease by 20,000the price of Product A increases by $1, then we predict the demand to increase by 20,000

Given Regression line Y=-20X+150 Regression line will be Y=-20X+150 Slope=-20(-ive sign), which means X and Y has negative relationship. and intercept=150 Interepretation of slope: When we increase x by one units, then y is decreased by 20. Hence option (a) is the correct statement for interepretation of slope.

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Statistics

Consider the following sample regression equation yˆ = 150 − 20x, where y is the demand for Product A (in 1,000s) and x is the price of the product (in $). The slope coefficient indicates that if _____

Consider the following sample regression equation yˆ = 150 − 20x, where y is the demand for Product A (in 1,000s) and x is the price of the product (in $). The slope coefficient indicates that if _____

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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