Question: Question 27 (1 point) Interpret coefficient -45 from the regression equation: y = 100 - 45X where y is number of donuts sold and x

 Question 27 (1 point) Interpret coefficient -45 from the regression equation:

Question 27 (1 point) Interpret coefficient -45 from the regression equation: y = 100 - 45X where y is number of donuts sold and x is price. So, on average, if price increases by one dollar, the number of donuts sold: 1) Increases by 45 2) is 45 times less than before 3) is equal to 55 exactly 4) Decreases by 45

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 Finance Questions!