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Osteoporosis is a degenerative disease that primarily affects women over the age of 60. A research analyst want to beat se StrongBones, a prescription
Osteoporosis is a degenerative disease that primarily affects women over the age of 60. A research analyst want to beat se StrongBones, a prescription drug for treating this debilitating disease. She uses the model sales / Population where Sales refers to the sales of StrongBones (in $ millions), Population is the number of women over the age of 60 Income is the average income of women over the age of 60 (in $1000s). She collects data on 25 cities acos the United Sates and obtains the following regression results: Standard Coefficients Error t Stat p-value Intercept Population Income 10.09 3.84 2.63 0.0252 8.45 1.45 5.82 0.0101 7.57 6.20 1.22 0.3468 a. What is the sample regression equation? (Enter your answers in millions rounded to 2 decimal places Predicted Sales = Population come b-1. Interpret the coefficient of population O As the number of women over the age of 60 increases by 1 million sales of Stronges O As the number of women over the age of 60 increases by 1 million sales of Story & kn O As the number of women over the age of 60 increases by 1 million sales of Ston holding income constant O As the number of women over the age of 60 increases by 1 million sales of So holding income constant rpret the coefficient of income 14 61 O 89 80 67 12 > A 6 85 - do
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