Amicroeconomist 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 outputregression statisticsmultiple r 0.830r square 0.689adjusted r square 0.662standard error 17501.643observations 26anovadf ss ms f signif fregression 2 15579777040 7789888520 25.432 0.0001residual 23 7045072780 306307512total 25 22624849820coeff stderror t stat p-valueintercept 15800. 6038.2999 2.617 0.0154capital 0.1245 0.2045 0.609 0.5485wages 7.0762 1.4729 4.804 0.0001referring 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. 17,277.49b. 20,455.98c. 15,800.00d. 16,520.07