Referring to table 13-11, which of the following is the correct interpretation f

Question

Referring to table 13-11, which of the following is the correct interpretation for the slope coefficient?

For each decrease of 1 thousand downloads, the expected revenue is estimated to increase by $ 3.7297 thousands.

For each increase of 1 thousand downloads, the expected revenue is estimated to increase by $ 3.7297 thousands.

For each decrease of 1 thousand dollars in expected revenue, the expected number of downloads is estimated to increase by 3.7297 thousands.

For each increase of 1 thousand dollars in expected revenue, the expected number of downloads is estimated to increase by 3.7297 thousands.

Explanation / Answer

As

slope = 3.7297

then it means that, by definition,

OPTION B: For each increase of 1 thousand downloads, the expected revenue is estimated to increase by $ 3.7297 thousands. [ANSWER]

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NOte that if the slope is positive, the variable increase together. If the slope is negative, then one variable increases while the other decreases.

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