Linear Modelingeasy
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A company's revenue grows linearly with advertising spend. In Month 1 (spend $10,000), revenue was $50,000. In Month 2 (spend $15,000), revenue was $60,000. What is the slope of the regression line (revenue per dollar of advertising)?
A company's revenue grows linearly with advertising spend. In Month 1 (spend $10,000), revenue was $50,000. In Month 2 (spend $15,000), revenue was $60,000. What is the slope of the regression line (revenue per dollar of advertising)?