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We are interested in investigation the relationship between the sales volume of a company (y in millions of dollars) with two independent variables, advertising expenditures

We are interested in investigation the relationship between the sales volume of a company (y in millions of dollars) with two independent variables, advertising expenditures (x1 in millions of dollars) and the number of salespeople (x2), Data over the past 10 years were collected. Part of the Excel output is shown below. Estimate the sales volume for an advertising expenditure of 3.5 million dollars and 45 salespeople. Give your answer in dollars.

ANOVA

df

SS

MS

F

Regression

321.11

Residual

63.39

Coefficients

Standard Error

Intercept

7.0174

1.8972

x1

8.6233

2.3968

x2

0.0858

0.1845

Select one:

a.

$41.059

b.

$30,181,560.88

c.

$41,059,950

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