Question: A multiple regression equation is:

Yhat = -1.2 + 1.3 X1 + 2.9 X2 + 8.8 X3
Where:
X1 is number of employees in thousands
X2 is number of stations in hundreds,
X3 is crude oil inventory in millions of dollars
Yhat estimates revenues in millions of dollars

Estimate revenues when 1120 employees are on the payroll, 120 stations are operating, and we have $96,800,000 of crude oil in inventory.

What would be your answer:? $ ______________
Compute and post your answer (and logic used) to this week's DB.

Price: $2.99

Solution: The downloadable solution consists of 2 pages
Deliverable: Word Document