elling price and percent of advertising budget spent were into mutiple regression to determine what affects flat panel LCD TV sales. The regression coefficient for Price was found to be -0.03055, which of the correct interpretation for this value? Increasing the price of Sony Bravia by $100 will result in at least 3 fewer TV's sold. For a given percent of advertising budget spent, a $100 increase in price of Sony Bravia is associated with a dercrease in sales of 3.055 units, on average. After following for the percent of advertising budget spent on advertising, an increase of $100 in the price of Sony Bravia will decrease in sales by 3.055 units. Holding the percent of advertising budget spent constant , an increase of $100 in the price of the Sony Bravia will decrease sales by 0.03%. None of the above.
Selling price and percent of advertising budget spent were into mutiple regression to determine what affects flat panel LCD TV sales. The regression coefficient for Price was found to be -0.03055, which of the correct interpretation for this value?
Increasing the price of Sony Bravia by $100 will result in at least 3 fewer TV's sold.
For a given percent of advertising budget spent, a $100 increase in price of Sony Bravia is associated with a dercrease in sales of 3.055 units, on average.
After following for the percent of advertising budget spent on advertising, an increase of $100 in the price of Sony Bravia will decrease in sales by 3.055 units.
Holding the percent of advertising budget spent constant , an increase of $100 in the price of the Sony Bravia will decrease sales by 0.03%.
None of the above.
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