Suppose Bob does a linear regression that will use cost of a product to predict the number of days before being purchased on Facebook marketplace. He finds there is a strong positive linear...

Extracted text: Suppose Bob does a linear regression that will use cost of a product to predict the number of days before being purchased on Facebook marketplace. He finds there is a strong positive linear relationship and the regression line is Y = 7+.10X. Interpret the slope. As price increases by $1, the number of days before being purchased increases by .10 As the price increases by $1, the number of days until purchase increase by 7 + .10(1) = 7.10. As the price increases by $.10, number of days until purchase increases by 7. As the number of days until being purchased increases by 1, the price increases by $.10