Kizspy | Question: 88
(Choose 1 answer)
(See picture)
A. 27.0%
B. 50.9%
C. 68.9%
D. 83.0%
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
26
ANOVA
df
SS
MS
Regression
Residual
Total
2 1.56E+10 7.79E+09
F
25.432
Signif F
0.0001
23 7.05E+09 3.06E+08
25 2.26E+10
Coeff
Intercept
Capital
Wages
15800
0.1245 0.2045
StdError
6038.3
1 Stat
2.617
P-value
0.0154
0.609 0.5485
7.0762 1.4729
4.804 0.0001
What fraction of the variability in sales is explained by
spending on capital and wages?
