Question: 49
(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
26
ANOVA
df
SS
MS
Regression
Residual
Total
2 1.56E+10 7.79E+09
23 7.05E+09 3.06E+08
25 2.26E+10
F
25.432
SignifF
0.0001
Coeff StdError 1 Stat
P-value
Intercept
Capital
15800 6038.3
2.617
0.0154
Wages
0.1245
7.0762
0.2045
1.4729
0.609
4.804 0.0001
0.5485
What are the predicted sales (in millions of dollars) for a
company spending $100 million on capital and $100 million
on wages?
