SCENARIO 14-5
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.
Introduction to Multiple Regression 14-17
-Referring to Scenario 14-5, what are the predicted sales (in millions of dollars)for a company
Spending $500 million on capital and $200 million on wages?
A) 15,800.00
B) 16,520.07
C) 17,277.49
D) 20,455.98

Question

SCENARIO 14-5
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.  
Introduction to Multiple Regression 14-17
-Referring to Scenario 14-5, what are the predicted sales (in millions of dollars)for a company
Spending $500 million on capital and $200 million on wages?
A) 15,800.00 
B) 16,520.07 
C) 17,277.49 
D) 20,455.98

Quizplus · Accepted Answer

The predicted sales are calculated based on the given spending on capital and wages, which aligns with the value provided in option C.

SCENARIO 14-5 A Microeconomist Wants to Determine How Corporate Sales Are Influenced