How JustAnswer Works:
  • Ask an Expert
    Experts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional Answer
    Via email, text message, or notification as you wait on our site. Ask follow up questions if you need to.
  • 100% Satisfaction Guarantee
    Rate the answer you receive.
Ask SusanAthena Your Own Question
SusanAthena, Master's Degree
Category: Calculus and Above
Satisfied Customers: 4332
Experience:  Tutor for Algebra, Geometry, Statistics. Explaining math in plain English.
Type Your Calculus and Above Question Here...
SusanAthena is online now
A new question is answered every 9 seconds

A regression analysis between sales (y in $1000) and advertising

Customer Question

A regression analysis between sales (y in $1000) and advertising (x in dollars) resulted in the following equation
= 50,000 + 6x
What does the equation imply?
Submitted: 5 years ago.
Category: Calculus and Above
Expert:  SusanAthena replied 5 years ago.
Hi. Thanks for your question.

It suggests that sales are expected to be about 50,000,000 with no advertising, and that after that sales increase with advertising, at a rate of $6000 in sales per $1 in advertising.

Kind regards,
SusanAthena and other Calculus and Above Specialists are ready to help you