Kizspy | Question: 64
(Choose 1 answer)
(See picture)
Α. 15,800.00
Β. 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 R Square
Adjusted R Square Standard Error
Observations
ANOVA
Regression
Residual
Total
0.83
0.689
0.662
17501.64
26
df
SS
MS
F
2 1.56E+10 7.79E+09 25.432
23 7.05E+09
3.06E+08
Coeff StdError t Stat
15800 6038.3
0.1245 0.2045
7.0762 1.4729
Signif F
0.0001
P-value
2.617 0.0154
0.609 0.5485
4.804 0.0001
Intercept Capital
Wages
25 2.26E+10
What are the predicted sales (in millions of dollars) for a company spending $500 million on capital and $200 million on wages?
