Answered step by step
Verified Expert Solution
Link Copied!

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.

image text in transcribed
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 million

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Precalculus Enhanced With Graphing Utilities (Subscription)

Authors: Michael Sullivan, Michael Sullivan III

7th Edition

0134273125, 9780134273129

More Books

Students also viewed these Mathematics questions