SCENARIO 14-6
One of the most common questions of prospective house buyers pertains to the cost of heating in dollars (Y). To provide its customers with information on that matter, a large real estate firm used the following 2 variables to predict heating costs: the daily minimum outside temperature in degrees of Fahrenheit ( X 1 ) and the amount of insulation in inches ( X 2 ). Given below is EXCEL output of the regression model.

Also SSR (X 1 | X 2 ) = 8343.3572 and SSR (X 2 | X 1 ) = 4199.2672
-Referring to Scenario 14-5,what are the predicted sales (in millions of dollars)for a company spending $100 million on capital and $100 million on wages?
A)15,800.00
B)16,520.07
C)17,277.49
D)20,455.98

Question

SCENARIO 14-6
One of the most common questions of prospective house buyers pertains to the cost of heating in dollars (Y). To provide its customers with information on that matter, a large real estate firm used the following 2 variables to predict heating costs: the daily minimum outside temperature in degrees of Fahrenheit ( X 1 ) and the amount of insulation in inches ( X 2 ). Given below is EXCEL output of the regression model.

Also SSR (X 1 | X 2 ) = 8343.3572 and SSR (X 2 | X 1 ) = 4199.2672
-Referring to Scenario 14-5,what are the predicted sales (in millions of dollars)for a company spending $100 million on capital and $100 million on wages?
A)15,800.00 
B)16,520.07 
C)17,277.49 
D)20,455.98

Quizplus · Accepted Answer

The question pertains to Scenario 14-6 and asks for the predicted heating costs using the given regression model. However, the provided EXCEL output and SSR values do not include any information on predicted sales or capital and wages spending, which are irrelevant to this scenario.

SCENARIO 14-6 One of the Most Common Questions of Prospective House Buyers