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.
-Referring to Scenario 14-5, when the microeconomist used a simple linear regression model with sales as the dependent variable and wages as the independent variable, she obtained an value of 0.601.What additional percentage of the total variation of sales has been explained by including capital spending in the multiple regression?
A)60.1%
B)31.1%
C)22.9%
D)8.8%

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. 
-Referring to Scenario 14-5, when the microeconomist used a simple linear regression model with sales as the dependent variable and wages as the independent variable, she obtained an  value of 0.601.What additional percentage of the total variation of sales has been explained by including capital spending in the multiple regression?
A)60.1% 
B)31.1% 
C)22.9% 
D)8.8%

Quizplus · Accepted Answer

The Answer of 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. 
-Referring to Scenario 14-5, when the microeconomist used a simple linear regression model with sales as the dependent variable and wages as the independent variable, she obtained an  value of 0.601.What additional percentage of the total variation of sales has been explained by including capital spending in the multiple regression?
A)60.1% 
B)31.1% 
C)22.9% 
D)8.8%

SCENARIO 14-5 a Microeconomist Wants to Determine How Corporate Sales