Kizspy Question: 85
(Choose 1 answer)
(See picture)
A. 15,800.00
B. 16,520.07
C. 17,277.49
D. 20,455.98
A microeconomist wants to determine how corporate sales are
influenced by capital and wage spending by companies. She
proceeds to randomly select 26 large corporations and record.
information in millions of dollars. The Microsoft Excel output
below shows results of this multiple regression..
SUMMARY OUTPUT
Regression Statistics
Multiple R
0.83
R Square
0.689
Adjusted R Square
0.662
Standard Error
17501.64
Observations
ANOVA
df
SS
Regression
Residual
Total
2
MS
1.56E+10 7.79E+09 25.432
23 7.05E+09 3.06E+08
F
SignifF
0.0001
25 2.26E+10
Intercept
Capital
Wages
Coeff Std Error
15800 6038.3
0.1245 0.2045
7.0762 1.4729
t Stat
P-value
2.617 0.0154
0.609 0.5485
4.804 0.0001
What are the predicted sales (in millions of dollars) for a
company spending $500 million on capital and $200 million
on wages?
