What does -4.8 represent in this linear model?
Hint
Here -4.8 is the slope of the line. Remember slope is Wil. In this example, the rise is the number of items sold in thousands. The run is the price per item (sales). The slope is negative so this is decreasing (less).
which one is right
It means that the sales will decrease by 121.02 when the price is raised by $4.80.
• It means that the sales will increase by 121.02 thousand when the price is lowered by $4.80.
• It means that there are about 4.8 thousand less sales for every dollar that the price is increased.
1 answer
It means that there are about 4.8 thousand less sales for every dollar that the price is increased.