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

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, what fraction of the variability in sales is explained by spending on
Capital and wages?

A) 27.0%
B) 50.9%
C) 68.9%
D) 83.0%