Question: I n the following equation hat ( y ) = 3 0 , 0 0 0 + 4 x y i n $ 5 0

In the following equation hat(y)=30,000+4xyin $500xin dollars$4in marketing is associated with a.an increase of $4in marketing is associated with an increase of $32,000in sales.
b.An increase of $1in marketing is associated with an increase of $2,000in sales.
c.An increase of $1in marketing is associated with an increase of $32,000in sales.
d.An increase of $4in marketing is associated with an increase of $2,000in sales.
 In the following equation hat(y)=30,000+4xyin $500xin dollars$4in marketing is associated with

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!