Mathematics, 21.10.2020 16:01 Victor3756
For a certain product we obtained a regression line equation Y = 10 - 0.8 X, where X is price (in $) and Y is sales (in $1,000). The slope of the line (- 0.8) represents:___---.
A. If the price were $10, expected sales would be $8,000.B. If the price were zero, expected sales would $800.C. If the price increases by $1, sales will decrease by $800, on average. D. Sales are maximized when the price is $0.8.
E. None of the other answers are correct.
Answers: 3
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For a certain product we obtained a regression line equation Y = 10 - 0.8 X, where X is price (in $)...
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