Exhibit 15-6
Below you are given a partial computer output based on a sample of 16 observations. 
-Refer to Exhibit 15-6. The estimated regression equation is
Definitions:
Hourly Wage Rate
The amount of money paid for each hour of work.
Production Technology
Refers to the methods and processes used by businesses to manufacture goods and provide services.
Total Revenue
The overall amount of money generated by a firm from selling its goods and services, calculated as the unit price multiplied by the quantity sold.
Firms
Business organizations or entities that sell goods or services, usually in pursuit of profit.
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