# A regression analysis was used to estimate the relationship between ice cream price (\$ price per…

A regression analysis was used to estimate the relationship between ice cream price (\$ price per pint, the independent variable) and ice cream consumption (pints per capita, the dependent variable). The following equation was obtained: y=0.9230-2.047x Which statement best interprets the meaning of the slope of the equation?

For a \$1 increase in the price of a pint of ice cream, we can estimate a per capita ice cream consumption increase of approximately 2.05 pints

For a \$1 increase in the price of a pint of ice cream, we can estimate a per capita ice cream consumption decrease of approximately 2.05 pints

For ice cream priced at \$1 per pint, we can estimate that the per capita ice cream consumption will decrease by 0.9230 pints

For 1 pint of ice cream consumed per capita, we can estimate its price will be approximately \$2.05

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