An analyst is trying to identify thexelationship betusen labor cost; Y-Cost1000

Question

An analyst is trying to identify thexelationship betusen labor cost; Y-Cost1000 in $1000 and investment in automated servers X-Auto100 in $100 for a sample of fast food restaurants Mode1 Sumary 1.0437 53.02r0 49.96 42.048 Coefficienta Tern Conatantd0 23 0.781 14.00 0.000 kuto100 -.420 2 1.12 Regression Equation Cost1000 10.934-0.420 Auto100 Sostst Coek T-Value P-Value VIF What is the correct interpretation for the coefficient b? For each additional 10 dollars spent in automatic servicer, labor costs increase by $420 TNOETS amount of investment on automatic servers affects labor costs For each additional 100 dollars in automatic servers, labor costs decrease by S420 Labor costs do not differ based on amount spent on automatic servers. For each additional dollar spent in automatic servers, labor costs decrease by $4200

Explanation / Answer

Slope of the model is : -0.420

That is for each additional $100 in automatic servers, labor cost is decrease by $420.

Third option is correct.

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Last option is correct.

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