Question
A regression of Sales [$1,000] on Advertising [$1,000] and Market Share [%] resulted in the following output. Refer to the results and interpret the estimated
A regression of Sales [$1,000] on Advertising [$1,000] and Market Share [%] resulted in the following output. Refer to the results and interpret the estimated slope for Market Share.
| Coefficients | t Stat | P-value | |
| Intercept | 810.00 | 1.31 | 0.20 |
| Advertising | 0.25 | 3.13 | 0.00 |
| Market Share | 187.00 | 2.18 | 0.04 |
Select one:
a.If Market Share increases by 1% while holding Advertising constant, Sales are expected to increase by $997,000
b.If Market Share decreases by 1% while holding Advertising constant, Sales are expected to increase by $187,000
c.If Market Share increases by 1%, while holding Advertising constant, Sales are expected to increase by $187,000
d.If Market Share increases by 187% while holding Advertising constant, Sales are expected to increase by $1,000
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WebAssign For Trigonometry
Authors: James Stewart
2nd Edition
1337772313, 9781337772310
