The formula for a regression line is y=a+bx For the regression equation shown below (assume values in US$) average monthly sales=126+172 advertising cost Which among the following statements is/are true? (a) for every increase of $1.00 in advertising cost, the expected average monthly sales are predicted to increase by $172.00 (b) for every increase of $1.00 in advertising cost, the expected average monthly sales are predicted to increase by $126.00 (c) this linear regression has positive relationship on business (d) this linear regression has negative relationship on business (e) this linear regression has no relationship on business O statements (b) and (c) are true O only statement (a) is true O statements (a) and (c) are true O only statement (b) is true O only statement (e) is true

MATLAB: An Introduction with Applications
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The formula for a regression line is y a+ bx
For the regression equation shown below (assume values in US$)
average monthly sales=126+172 advertising cost
Which among the following statements is/are true?
(a) for every increase of $1.00 in advertising cost, the expected average monthly sales are predicted to increase by
$172.00
(b) for every increase of $1.00 in advertising cost, the expected average monthly sales are predicted to increase by
$126.00
(c) this linear regression has positive relationship on business
(d) this linear regression has negative relationship on business
(e) this linear regression has no relationship on business
O statements (b) and (c) are true
O only statement (a) is true
statements (a) and (c) are trué
only statement (b) is true
O only statement (e) is true
Transcribed Image Text:The formula for a regression line is y a+ bx For the regression equation shown below (assume values in US$) average monthly sales=126+172 advertising cost Which among the following statements is/are true? (a) for every increase of $1.00 in advertising cost, the expected average monthly sales are predicted to increase by $172.00 (b) for every increase of $1.00 in advertising cost, the expected average monthly sales are predicted to increase by $126.00 (c) this linear regression has positive relationship on business (d) this linear regression has negative relationship on business (e) this linear regression has no relationship on business O statements (b) and (c) are true O only statement (a) is true statements (a) and (c) are trué only statement (b) is true O only statement (e) is true
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