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Mathematics, 05.01.2022 04:30 davidgritz2006

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

Multiple R 0.830

R Square 0.689

Adjusted R Square 0.662

Standard Error 17501.643

Observations 26

ANOVA

df SS MS F Signif F

Regression 2 15579777040 7789888520 25.432 0.0001

Residual 23 7045072780 306307512

Total 25 22624849820

Coeff StdError t Stat P-value

Intercept 15800.0000 6038.2999 2.617 0.0154

Capital 0.1245 0.2045 0.609 0.5485

Wages 7.0762 1.4729 4.804 0.0001

Please analyze in detail the regression outcome, what conclusions you can make? Discuss and explain.

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