The police department of a county spends a majority of its time apprehending drug peddlers. the policemen use a software that pi
1 answer:
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Answer:
d. An increase in the value of the pound by 0.6 percent
Explanation:
Given :
Regression equation :
Change company estimates that to be 0.0 and the value of
to be 0.6.
Now, ebp = 0.6 x inf + μt -----------------
When Inf = 1 (assume that the error term is 0)
ebp = 0.6 x 1 = 0.6
That is it is an increase in the value of pound by 0.6% with the one unit increase in the .
Therefore, option (d) is correct.