Data were collected on monthly sales revenues​ (in $1000s) and monthly advertising expenditures​ ($100s) for a sample of drug stores. the regression line relating revenues​ (y) to advertising expenditure​ (x) is estimated to be modifyingabove y with caret equals negative 48.3 plus 9.00 xy=−48.3+9.00x. what is the interpretation of the​ slope?

Question
Answer:
Interpretation:  For every $100 additional spent on advertising, the monthly sales revenue drops by $48.30.   Personally I'd expect that the sales revenue increases with every $100 spent on ads. 
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general 10 months ago 4868