SCENARIO 13-5
a Microeconomist Wants to Determine How Corporate Sales

question 284

Multiple Choice

SCENARIO 13-5
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. SUMMARY OUTPUT
Regression Statistics
$\begin{array} { l l } \text { Multiple R } & 0.830 \\ \text { R Square } & 0.689 \\ \text { Adjusted R Square } & 0.662 \\ \text { Standard Error } & 17501.643 \\ \text { Observations } & 26 \end{array}$
ANOVA
$\begin{array} { l r c c c c } & d f & \text { SS } & \text { MS } & F & \text { Signif } F \\ \text { Regression } & 2 & 15579777040 & 7789888520 & 25.432 & 0.0001 \\ \text { Residual } & 23 & 7045072780 & 306307512 & & \\ \text { Total } & 25 & 22624849820 & & & \end{array}$


$\begin{array}{lrrrr} & \text { Coeff } & \text { StdError } & t \text { Stat } & \text { P-value } \\\text { Intercept } & 15800.0000 & 6038.2999 & 2.617 & 0.0154 \\\text { Capital } & 0.1245 & 0.2045 & 0.609 & 0.5485 \\\text { Wages } & 7.0762 & 1.4729 & 4.804 & 0.0001\end{array}$

-Referring to SCENARIO 13-5, what are the predicted sales (in millions of dollars) for a company spending $100 million on capital and $100 million on wages?

• A)15,800.00
• B)16,520.07
• C)17,277.49
• D)20,455.98

Recognize the significance of landmark Supreme Court cases and legislation on the issue of slavery.

Identify key figures in the abolitionist movement and their contribution to the anti-slavery cause.

Analyze the challenges faced by settlers during the westward expansion and the government's role in facilitating this movement.

Understand the evolution and impact of the ideologies of "free soil" and "free labor" on the politics of the time.

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Definitions:

Workweek

A fixed time period, typically structured from Monday to Friday, used to calculate hours worked and wages for employees.

Interest Expense

The cost incurred by an entity for borrowed funds over a period, often expressed as an annual rate.

Note Payable

A written promise to pay a specified sum of money to a designated party by a certain date, often used in business financing.

Journal Entries

Recorded transactions in the financial books of a business that detail the financial activities and their impact on the accounts.