Q1044
The relationship between expenditure in Rs. on advertising (X) in one time period and sales in Rs. (Y) in the next period has been found to be Y = 50 + 7X. Which of the following interprets the value 7 correctly?
A.
For every Rs. 1 spent on advertising, sales increase by Rs. 7 on average
AnswerB.
For every Rs. 1 increase in sales, Rs. 7 must on average be spent on advertising
C.
For every Rs. 1 spent on advertising, sales increase by Rs. 8
D.
When advertising is zero, sales are Rs. 50/7
Answer: Option A
Solution
Answer: Option A
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