While working with the sales manager of your firm you have estimated the following model of sales volume as a function of monthly household income: (0.781)(0.392) Where Q is monthly sales volume,I is monthly household income in thousands,and standard errors are listed below the parameter estimates.
What does the model predict sales volume to be if using the corrected predictor when income is $4000 per month?
A)708,133.68
B)723,146.11
C)163.73
D)167.20

Question

While working with the sales manager of your firm you have estimated the following model of sales volume as a function of monthly household income:  (0.781)(0.392) Where Q is monthly sales volume,I is monthly household income in thousands,and standard errors are listed below the parameter estimates.
What does the model predict sales volume to be if using the corrected predictor when income is $4000 per month?
A)708,133.68 
B)723,146.11 
C)163.73 
D)167.20

Quizplus · Accepted Answer

The Answer of While working with the sales manager of your firm you have estimated the following model of sales volume as a function of monthly household income:  (0.781)(0.392) Where Q is monthly sales volume,I is monthly household income in thousands,and standard errors are listed below the parameter estimates.
What does the model predict sales volume to be if using the corrected predictor when income is $4000 per month?
A)708,133.68 
B)723,146.11 
C)163.73 
D)167.20

While Working with the Sales Manager of Your Firm You