Question
The relationship between cupcakes sold (Y) and price (X) is given by the linear equation = 30- 2.56X. Reference: Ref 3 Interpret the slope coefficient.
The relationship between cupcakes sold (Y) and price (X) is given by the linear equation = 30- 2.56X.
Reference: Ref 3
Interpret the slope coefficient.
A.If price increases by 1 cupcakes sold rises by 2.56 units
B.If price increases by 1 cupcakes sold falls by 2.56 units
C.Cannot tell without the standard error
D.If price equals zero 30 cupcakes would be sold
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Using Excel For Principles Of Econometrics
Authors: R Carter Hill, Genevieve Briand
4th Edition
1118032101, 9781118032107
