The director of marketing at Reeves Wholesale Products is studying monthly sales. Three independent variables were selected as estimators of sales: regional population, per capita income, and regional unemployment rate. The regression equation was computed to be (in dollars):

a. What is the full name of the equation?

b. Interpret the number 64,100.

c. What are the estimated monthly sales for a particular region with a population of 796,000, per capita income of $6,940, and an unemployment rate of 6.0 percent?

Transcribed Image Text:

Y64,100 +0.394X, +9.6X211,600X