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

question 2

Multiple Choice

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.
Introduction to Multiple Regression 14-17
-Referring to Scenario 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

---

Definitions:

Therapeutic Response

The body’s reaction to a given treatment, indicating the effectiveness of the therapy in healing or alleviating symptoms.

Vulnerability

The quality or state of being exposed to the possibility of being attacked or harmed, either physically or emotionally.

Blame

Assigning responsibility for a fault or wrong, often focusing on negative outcomes without acknowledging contributing factors or circumstances.

Discharge Counseling

A process where healthcare professionals provide guidance and information to patients about managing their conditions after leaving the hospital.