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A study on the sales (Y=number of units sold) and the price (X, in pesos), the corresponding regression equation is Y=-1418X+2259 Which of the following is true? Select the correct response: as the sales increase by 1 unit, the price will decrease, on the average, by 1418 pesos. as the price increases by 1 peso, sales will increase, on the average, by 2259 units. as the price increases by 1 peso, the sales will decrease, on the average, by 1418 units.

A study on the sales (Y=number of units sold) and the price (X, in pesos), the corresponding regression equation is Y=-1418X+2259 Which of the following is true? Select the correct response: as the sales increase by 1 unit, the price will decrease, on the average, by 1418 pesos. as the price increases by 1 peso, sales will increase, on the average, by 2259 units. as the price increases by 1 peso, the sales will decrease, on the average, by 1418 units.

MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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A study on the sales (Y=number of units sold) and the price (X, in pesos), the corresponding regression equation is Y=-1418X+2259. Which of the following is true? Select the correct response: as the sales increase by 1 unit, the price will decrease, on the average, by 1418 pesos. as the price increases by 1 peso, sales will increase, on the average, by 2259 units. as the price increases by 1 peso, the sales will decrease, on the average, by 1418 units. as the sales increase by 1 unit, the price will increase, on the average, by 2259 pesos.
Transcribed Image Text:A study on the sales (Y=number of units sold) and the price (X, in pesos), the corresponding regression equation is Y=-1418X+2259. Which of the following is true? Select the correct response: as the sales increase by 1 unit, the price will decrease, on the average, by 1418 pesos. as the price increases by 1 peso, sales will increase, on the average, by 2259 units. as the price increases by 1 peso, the sales will decrease, on the average, by 1418 units. as the sales increase by 1 unit, the price will increase, on the average, by 2259 pesos.
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