A linear model fit to predict weekly Sales of frozen pizza i

A linear model fit to predict weekly Sales of frozen pizza (in pounds) from the average Price ($/unit) charged by a sample of stores in a city in 39 weeks over a three-year period is shown below. Complete parts a through f. Sales = 148,145 - 24,948 Price Price Sales What is the response variable? Sales Price What does the slope mean in this context? Price decreases by 24,948 dollars per pound. Price increases by 24,948 dollars per pound. Sales increase by 24,948 pounds per dollar. Sales decrease by 24,948 pounds per dollar

Solution

Ans: Option D. Sales decrease by 24,948 pounes per dollar