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You are given a regression equation for the relationship between a local music stores sales (y) and expenditure on advertising (x) both measured in thousands of dollars ($000s). It is (y-hat) = 25 + 0.85 x equation

You are given a regression equation for the relationship between a local music stores sales (y) and expenditure on advertising (x) both measured in thousands of dollars ($000s). It is (y-hat) = 25 + 0.85 x equation

MATLAB: An Introduction with Applications
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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to search You are given a regression equation for the relationship between a local music stores sales (y) and expenditure on advertising (x) both measured in thousands of dollars ($000s). It is (y-hat) = 25+ 0.85 x Interpret this equation. Select one: O a. b. The slope is 25 and the intercept is .85. This means that with O advertising the sales would be $25,000 and each $1,000 in advertising yields $850 in sales. O C. slope is 0.85 and the intercept is 25. This means that with O advertising the sales would be $850 and each $1,000 in advertising yields $2,500 in sales. The slope is 0.85 and the intercept is 25. This means that with O advertising the sales would be $25,000 and each $1,000 in advertising yields $850 in sales. Od. The slope is 25 and the intercept is .85. This means that with O advertising the sales would be $25,000 and each $1,000 in advertising yields $850 in sales. hp
Transcribed Image Text:to search You are given a regression equation for the relationship between a local music stores sales (y) and expenditure on advertising (x) both measured in thousands of dollars ($000s). It is (y-hat) = 25+ 0.85 x Interpret this equation. Select one: O a. b. The slope is 25 and the intercept is .85. This means that with O advertising the sales would be $25,000 and each $1,000 in advertising yields $850 in sales. O C. slope is 0.85 and the intercept is 25. This means that with O advertising the sales would be $850 and each $1,000 in advertising yields $2,500 in sales. The slope is 0.85 and the intercept is 25. This means that with O advertising the sales would be $25,000 and each $1,000 in advertising yields $850 in sales. Od. The slope is 25 and the intercept is .85. This means that with O advertising the sales would be $25,000 and each $1,000 in advertising yields $850 in sales. hp
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