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Question
Assuming that a regression has been conducted for a group of small companies where x = the number of employees at the company, y = annual revenue of the company (recorded in thousands of dollars), and the largest company included in the study had 82 employees. The resulting regression equation is 
= 59.2 + 83.4x. Which of the following is true?
A) For each additional employee, revenue on average will increase by $83.4
B) A company with 2100 employees could be predicted to have average revenue of about $175 million.
C) For each additional employee, revenue on average will increase by $59.2 thousand.
D) This model should not be used to make predictions for companies with more than 82 employees.
Answer
This answer is hidden. It contains 10 characters.
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