Question: Should the intercept be interpreted in this case? O No, since a price of zero pesos is probably out of the range observed. ( No,

Should the intercept be interpreted in this case? O No, since a price of zero pesos is probably out of the range observed. ( No, since sales of zero units are probably out of the range observed. Yes, as the average price when no units are sold. O Yes, as the average sales when the price is zero pesos.A study on the sales (Y=no. of units sold) and the price (X, in pesos) showed the following result: SUMMARY OUTPUT Regression Statistics Multiple R 0.7727 R Square 0.5971 Adjusted R Square 0.870626578 Standard Error 1.086529053 Observations 20 ANOVA df SS MS F Significance F Regression 1 152.1271 152.1271 128.8617 1.2273E-09 Residual 18 21.24982 1.180545 Total 19 173.3769 Coefficients SE t Stat P-value Lower 95% L Intercept 2259 1.593473 46.61723 3.17E-20 70.9355509 Price -1418 1.316758 11.35173 1.23E-09 12.1810733

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