Question
Regression was used to estimate sales revenue ($/week) from number of customers: You are given the following linear relationship: Estimated Sales Revenue = 30+78 Customers
Regression was used to estimate sales revenue ($/week) from number of customers: You are given the following linear relationship:
Estimated Sales Revenue = 30+78 Customers
Which of the following is the correct interpretation of the slope?
Estimate sales revenue increases by an average $108, for each extra customer.
Estimate sales revenue increases by an average of $30, for each extra customer.
Estimate sales revenue decreases by an average of $30, for each extra customer.
Estimate sales revenue decreases by an average $78, for each extra customer.
Estimate sales revenue increases by an average $78, for each extra customer.
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