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Question - Regression analysis is used to predict total revenues (y) (in dollars) by using advertising expenses (x) (in dollars) as the independent variable. The following is the equation: y = $1,000 + $10x. What is the interpretation of the value of 10?
A. For each additional dollar of advertising expense, total revenues should increase by $10.
B. The variance of the coefficient b.
C. No interpretation can be made.
D. It is the predicted value when advertising expense is zero.
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