Mathematics, 30.06.2021 20:10 chaparoonie15
A regression analysis between sales (in $1000s) and price (in dollars) resulted in the following equation: ŷ = 50,000 − 8x The above equation implies that an increase of . a. $8 in price is associated with an increase of $8,000 in sales b. $1 in price is associated with a decrease of $8,000 in sales c. $1 in price is associated with a decrease of $42,000 in sales d. $1 in price is associated with a decrease of $8 in sales
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A regression analysis between sales (in $1000s) and price (in dollars) resulted in the following equ...
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