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

question 10

Multiple Choice

TABLE 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 Table 14-5, one company in the sample had sales of $21.439 billion (Sales = 21,439) . This company spent $300 million on capital and $700 million on wages. What is the residual (in millions of dollars) for this data point?

• A) 790.69
• B) 648.31
• C) -648.31
• D) -790.69

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Definitions:

Lower Intensity

A term referring to reduced strength or magnitude, often used in the context of light, sound, or magnetic fields.

Current Condition

The present status or state of a system, reflecting its operating conditions, performance levels, and overall health.

Overload Protection

A safety feature designed to protect electrical circuits and devices from exceeding their safe current limits.

Contactor Unit

An electrically-controlled switch used for switching an electrical power circuit, commonly used in lighting and electric motor circuits.