Answered step by step
Verified Expert Solution
Question
1 Approved Answer
An online shopping website collected data regarding its operations and obtained the following linear regression model for the estimated revenue in millions,, based on the
An online shopping website collected data regarding its operations and obtained the following linear regression model for the estimated revenue in millions,, based on the click-through rate in thousands, x.
What is the best interpretation of the value of the estimated slope of 0.2? Select one.
0 Every click on the website causes $0.2 million more revenue. @ The estimated change in revenue for each additional thousand clicks is $0.2 million. O The estimated change in the click-through rate is 0.2 thousand for each for each one million in revenue. 0 When there are no clicks on the website, the estimated revenue is $0.2 millionStep by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started