Students Home X Connect Registration and Related X Question 3 - Week 6 Homework X Dashboard X + V X C ^ ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fnewconnect.mheducation.com%252F#/... 0 . .. Managed Bookmarks Week 6 Homework - Chapter 14 i Saved Help Save & Exit Submit Check my work 3 Exercise 14-25 Algo 20 Osteoporosis is a degenerative disease that primarily affects women over the age of 60. A research analyst wants to forecast sales of points StrongBones, a prescription drug for treating this debilitating disease. She uses the model Sales = 6 + 61Population + 62Income + , where Sales refers to the sales of StrongBones (in $ millions), Population is the number of women over the age of 60 (in millions), and Income is the average income of women over the age of 60 (in $1,000s). She collects data on 36 cities across the United States and eBook obtains the following regression results: Print Standard Coefficients Error t Stat p-Value References Intercept 10. 09 3.97 2.54 0. 0218 Population 8.34 1.34 6.22 0. 0084 Income 7.30 6.23 1. 17 0. 3626 a. What is the sample regression equation? (Enter your answers in millions rounded to 2 decimal places.) Predicted Sales = + Population + Income. Mc Graw Hill LO A Question 3 - Week 6 . 38F Mostly clear@ $ 4) 8:27 PMStudents Home X Connect Registration and Related X Question 3 - Week 6 Homework X Dashboard X + V X C ^ ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fnewconnect.mheducation.com%252F#/... L 0 . .. Managed Bookmarks Week 6 Homework - Chapter 14 i Saved Help Save & Exit Submit Check my work 3 20 points b-1. Interpret the coefficient of population. eBook As the number of women over the age of 60 increases by 1 million, sales of StrongBones is predicted to increase by $8.34 Print million. As the number of women over the age of 60 increases by 1 million, sales of StrongBones is predicted to increase by $7.3 References million. As the number of women over the age of 60 increases by 1 million, sales of StrongBones is predicted to increase by $8.34 million, holding income constant. As the number of women over the age of 60 increases by 1 million, sales of StrongBones is predicted to increase by $7.3 million, holding income constant. b-2. Interpret the coefficient of income. As the average income of women over the ane of 60 increases hy $1000 sales of StrongRones is predicted to increase hu Mc Graw Hill LO Question 3 - Week 6 . 38.F Mostly clear@ $ 7 () 8:27 PM6 Students Home X I'-I Connect Registration and Relate X 9 Question 3 - Week llorneworl X n Dashboard X I + V X ( C' i eztomheducation.com/ext/map/index.html[can:con&externalibrowser:0&launchUrl:https%253A%252F%252Fnewconnect.mheducation.com%ZS2F#/... l9 it, I] a E Managed Bookmarks Week 6 Homework - Chapter 14 0 Saved Help Save & Exit Submit 3 - b-Z. Interpret the coefficient of income. 20 Q As the average income of women over the age of 60 increases by $1,000, sales of StrongBones is predicted to increase by POMS $8.34 million. 0 As the average income of women over the age of 60 increases by $1,000, sales of StrongBones is predicted to increase by $7.3 million. eBook 7 Q As the average income of women over the age of 60 increases by $1,000, sales of StrongBones is predicted to increase by Pm $8.34 million, holding population constant. References 0 As the average income of women over the age of 60 increases by $1,000, sales of StrongBones is predicted to increase by $7.3 million, holding population constant. c. Predict Sales if a city has 2.5 million women over the age of 60 and their average income is $36,000. (Enter your answer in millions rounded to 2 decimal places.) Predicted Sales l % . a 9 Question 3 , Week 6 9) 38F Mostly clear