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A regression on the demand of Coca Cola at vending machines yields the following result: Demand = 1 5 0 0 - 5 Price Where
A regression on the demand of Coca Cola at vending machines yields the following result:
Demand Price
Where "Price" is a continuous variable of the price of Coca Cola per can in cents. Demand is measured in units cans How to interpret the result?
When price decreases by $ per can, demand decreases by cans.
When price increases by $ per can, demand decreases by cans.
On average, Coca Cola is cents per can.
The vending machines sell cans of Coca Cola per day.
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