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Suppose the following are the results of a linear regression with business revenue in dollars as the dependent variable and monthly income and advertising spending
Suppose the following are the results of a linear regression with business revenue in dollars as the dependent variable and monthly income and advertising spending in dollars as the independent variables. The coefficient on monthly income is 12.9 with a p-value of 0.007. The coefficient on advertising spending is 1.13 with a p-value of 0.217. What can be said about the relationship between advertising spending and business revenue? Group of answer choices A $100 increase in advertising spending increases business revenue by $1.13 on average A $100 increase in advertising spending increases business revenue by $11.30 on average A $100 increase in advertising spending increases business revenue by $113 on average At a 5% Level of Significance, advertising spending has a statistically significant impact on business revenue
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