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

Show answers

Answers

Answer from: jfoster70

C. If the price increases by $1, sales will decrease by $800, on average

Step-by-step explanation:

Slope of regression equation represents the increase/decrease in dependent variable Y due to unit change in independent variable X. Here, independent variable is X is price and dependent variable Y is sales. The slope negative sign represent decrease in dependent variable due to unit increase in independent variable. Sales is given in ($1000) So, (0.8*1000)=800. It means that due to unit dollar increase in price the sales will decrease by $800. Thus, If the price increases by $1, sales will decrease by $800, on average is the correct interpretation.

Answer from: Quest

the most boring ever written

step-by-step explanation:

i am writing something. yes, i plan to make it the most boring thing ever written. i go to the store. a car is parked. many cars are parked or moving. some are blue. some are tan. they have windows. in the store, there are items for sale. these include such things as soap, detergent, magazines, and lettuce. you can enhance your life with these products. soap can be used for bathing, be it in a bathtub or in a shower. apply the soap to your body and rinse. detergent is used to wash clothes. place your dirty clothes into a washing machine and add some detergent as directed on the box. select the appropriate settings on your washing machine and you should be ready to begin. magazines are stapled reading material made with glossy paper, and they cover a wide variety of topics, ranging from news and politics to business and stock market information. some magazines are concerned with more recreational topics, like sports card collecting or different kinds of hairstyles. lettuce is a vegetable.

Answer from: Quest

7.3

step-by-step explanation:

81+30=111180 minus 111=691/2×19=9.569÷9.5=7.263157895~7.3
What is the value of x? enter your answer as a decimal in the box. round only your final answer to

Another question on Mathematics

Mathematics, 21.06.2019 20:20

Aline passes through (1,-5) and(-3,7) write an equation for the line in point slope form rewrite the equation in slope intercept form

Answers: 1

Answer

Mathematics, 22.06.2019 00:00

City l has a temperature of −3 °f. city m has a temperature of −7 °f. use the number line shown to answer the questions: number line from negative 8 to positive 8 in increments of 1 is shown. part a: write an inequality to compare the temperatures of the two cities. (3 points) part b: explain what the inequality means in relation to the positions of these numbers on the number line. (4 points) part c: use the number line to explain which city is warmer. (3 points)

Answers: 2

Answer

Mathematics, 22.06.2019 03:30

Math ! will give branliest at a car and truck dealership, the probability that a vehicle is white is 0.25 . the probability that it is a pick up truck is 0.15 . the or obability that it is a white pick up truck is 0.06 . what is the probability that the vehicle is white, given that the vehicle is a pickup truck . round your answer to two decimal places .

Answers: 1

Answer

Mathematics, 22.06.2019 05:00

Is it possible for brooke to draw a square and a rhombus that are congruent explain

Answers: 3

Answer

You know the right answer?

For a certain product we obtained a regression line equation Y = 10 - 0.8 X, where X is price (in $)...

Questions

Mathematics, 05.10.2020 04:01

Approximate the location of the following numbers on a number line. In your final answer, submit a hand drawn number line or a number line created usi...