Instruction 13.28 A Microeconomist Wants to Determine How Corporate Sales Are Influenced

question 118

Multiple Choice

Instruction 13.28
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.
Note: Adj. R Square = Adjusted R Square; Std. Error = Standard Error
-Referring to Instruction 13.28,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) 790.69
• C) -648.31
• D) 648.31

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Definitions:

Specific Gravity

The ratio of the density of a substance to the density of a reference substance; usually water for a liquid or solid, and air for a gas.

Gram-positive

Bacteria that retain the crystal violet stain used in the Gram staining method, indicating a thick peptidoglycan layer in their cell walls.

Gram-variable

Bacteria that do not consistently stain as either Gram-positive or Gram-negative due to variations in their cell wall structures.

Opaqueness

The quality of being impenetrable by light; not transparent or translucent.