An online shopping website collected data regarding its operations and obtained the following linear regression model for the estimated revenue in millions, , based on the click-through rate in thousands, x.
What is the best interpretation of the value of the estimated slope of 0.2? Select one.
Question 1 options:
a. When there are no clicks on the website, the estimated revenue is $0.2 million.
b. The estimated change in revenue for each additional thousand clicks is $0.2 million.
c. Every click on the website causes $0.2 million more revenue.
d. The estimated change in the click-through rate is 0.2 thousand for each for each