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A regression analysis between sales,y,(in $1,000) and advertising,x,(in $1,000) resulted in the following least squares line: y=80+5.0 x Interpret the estimated slope of the line.
A regression analysis between sales,y,(in $1,000) and advertising,x,(in $1,000) resulted in the following least squares line: y=80+5.0x
Interpret the estimated slope of the line.
A: As advertising increases by $1,000, sales increases by $5,000.
B: As advertising increases by $1,000, sales increases by $80,000.
C: As advertising increases by $5, sales increases by $80.
D: As advertising increases by $1, sales increases by $5.
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