A regression analysis between sales in 1000 and price in

Last updated: 1/23/2024

A regression analysis between sales in 1000 and price in dollars resulted in the following equation y 50 000 8X The equation implies that an O a increase of 1 in price is associated with a decrease of 8000 in sales O b increase of 8 in price is associated with an increase of 8 000 in sales O c increase of 1 in price is associated with a decrease of 8 in sales O d increase of 1 in price is associated with a decrease of 42 000 in sales