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Consider the following sample regression equation yˆy^ = 240 + 10x, where y is the supply...

Consider the following sample regression equation yˆy^ = 240 + 10x, where y is the supply for Product A (in 1,000s) and x is the price of Product A (in $). If the price of Product A increases by $3, then we expect the supply for Product A to ________.

a) increase by 30

b) decrease by 30

c) increase by 30,000

d) decrease by 30,000

Math   Statistics-And-Probability   
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TOPIC:Regression analysis.

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