Question

The least-squares line predicting sales from the number of advertisement is: sales = 105 + 9.3...

The least-squares line predicting sales from the number of advertisement is:

sales = 105 + 9.3 * advertisement

sales increase by 105 for each additional advertisement

sales increase by 9.3 for each additional advertisement

sales decrease by 105 for each additional advertisement

sales decrease by 9.3 for each additional advertisement

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Answer #1

We have given regression equation is,

sales = 105 + 9.3 * advertisement

slope= 9.3

Therefore,

sales increase by 9.3 for each additional advertisement

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