QUESTION 1.

The director of marketing at Reeves Wholesale Products is studying the monthly sales. Three independent variables were selected as estimators of sales: regional population {X1}. per capita income [X2}. and regional unemployment rate (X3). The regression equation was computed (in dollars} as follows: Y'= 34,800 + 0.800X1+ 22.3X2 11,800X3 a. Choose the right option for the full name of the equation: Multiple regression equation V b. Interpret the number 34.800. Y intoroopt v c. What are the estimated monthly sales for a particular region with a population of 796,000, per capita income of $5,940, and an unemployment rate of 6%? Estimated monthly sales 3; |:|