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Question #1. In the following multiple linear regression [sales (in $1000) and price (in dollars]: what does the below equation imply: Sales = 5000 -

Question #1.

In the following multiple linear regression [sales (in $1000) and price (in dollars]: what does the below equation imply: Sales = 5000 - 8(price) +7.25(advertising) + ?

Question #2.

Given the following multiple linear regression [sales (in $1000) and price (in dollars]: Sales = 5000 - 8(price) +7.25(advertising) + : What is the value of the intercept?

Question #3.

Given the following multiple linear regression [sales (in $1000) and price (in dollars]: Sales = 5000

- 8(price) +7.25(advertising) + : What is the direction of the relationship between sales and price?

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