Question: We know the following 3 items about a regression equation: #1) Number of TV advertisements is used to estimate number of Widgets sold; #2) Intercept

We know the following 3 items about a regression equation: #1) Number of TV advertisements is used to estimate number of Widgets sold; #2) Intercept = 1,500; #3) Slope = 12. Which statement is true? Estimated Number of Widgets Sold = 1,500 + 12 * Number of TV ads If 10 TV ads are broadcasted, we may expect approximately 1,620 widgets to be sold If advertising budget allows to buy one more TV ad, we may expect 12 more widgets sold All of the above statements are correct Only A and B are correct

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