I would like for you to answer a, b-1, b-2, and c Osteoporosis is a degenerative disease that primarily affects women over the age of 45. A research analyst wants to forecast sales ofStrongBones, a prescription drug for treating this debilitating disease. She uses the model Sales = 6, + 6,Population + 6,lncome + ɛ,where Sales refers to the sales of StrongBones (in $1,000,000s), Population is the number of women over the age of 45 (in millions),and Income is the average income of women over the age of 45 (in $1,000s). She collects data on 29 cities across the United Statesand obtains the following regression results:StandardCoefficientsp-Value0.0071Errort StatInterceptPopulation10.153.133.248.451.117.610.0047Income7.456.121.220.3468a. What is the sample regression equation? (Enter your answers in millions rounded to 2 decimal places.)Sales =Population +Income.b-1. Interpret the coefficient of population.O As the number of women over the age of 45 increases by 1 million, sales of StrongBones is predicted to increase by $8.45million.O As the number of women over the age of 45 increases by 1 million, sales of StrongBones is predicted to increase by $7.45million.O As the number of women over the age of 45 increases by 1 million, sales of StrongBones is predicted to increase by $8.45million, holding income constant.O As the number of women over the age of 45 increases by 1 million, sales of StrongBones is predicted to increase by $7.45 b-2. Interpret the coefficient of income.O As the average income of women over the age of 45 increases by $1,000, sales of StrongBones is predicted to increase by$8.45 million.O As the average income of women over the age of 45 increases by $1,000, sales of StrongBones is predicted to increase by$7.45 million.O As the average income of women over the age of 45 increases by $1,000, sales of StrongBones is predicted to increase by$8.45 million, holding population constant.O As the average income of women over the age of 45 increases by $1,000, sales of StrongBones is predicted to increase by$7.45 million, holding population constant.c. Predict sales if a city has 1.6 million women over the age of 45 and their average income is $43,000. (Enter your answer in millionsrounded to 2 decimal places.)Sales

Name: I would like for you to answer a, b-1, b-2, and c Osteoporosis is a de
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Description: I would like for you to answer a, b-1, b-2, and c Osteoporosis is a degenerative disease that primarily affects women over the age of 45. A research analyst wants to forecast sales ofStrongBones, a prescription drug for treating this debilitating dis

a. From the given output, The sample regression equation is, Sales^=10.15+8.45Population+7.45Income…

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Osteoporosis is a degenerative disease that primarily affects women over the age of 45. A research analyst wants to forecast sales of StrongBones, a prescription drug for treating this debilitating disease. She uses the model Sales = 6, + 6,Population + 6,lncome + ɛ, where Sales refers to the sales of StrongBones (in $1,000,000s), Population is the number of women over the age of 45 (in millions), and Income is the average income of women over the age of 45 (in $1,000s). She collects data on 29 cities across the United States and obtains the following regression results: Standard

Osteoporosis is a degenerative disease that primarily affects women over the age of 45. A research analyst wants to forecast sales of StrongBones, a prescription drug for treating this debilitating disease. She uses the model Sales = 6, + 6,Population + 6,lncome + ɛ, where Sales refers to the sales of StrongBones (in $1,000,000s), Population is the number of women over the age of 45 (in millions), and Income is the average income of women over the age of 45 (in $1,000s). She collects data on 29 cities across the United States and obtains the following regression results: Standard

MATLAB: An Introduction with Applications

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I would like for you to answer a, b-1, b-2, and c

Osteoporosis is a degenerative disease that primarily affects women over the age of 45. A research analyst wants to forecast sales of
StrongBones, a prescription drug for treating this debilitating disease. She uses the model Sales = 6, + 6,Population + 6,lncome + ɛ,
where Sales refers to the sales of StrongBones (in $1,000,000s), Population is the number of women over the age of 45 (in millions),
and Income is the average income of women over the age of 45 (in $1,000s). She collects data on 29 cities across the United States
and obtains the following regression results:
Standard
Coefficients
p-Value
0.0071
Error
t Stat
Intercept
Population
10.15
3.13
3.24
8.45
1.11
7.61
0.0047
Income
7.45
6.12
1.22
0.3468
a. What is the sample regression equation? (Enter your answers in millions rounded to 2 decimal places.)
Sales =
Population +
Income.
b-1. Interpret the coefficient of population.
O As the number of women over the age of 45 increases by 1 million, sales of StrongBones is predicted to increase by $8.45
million.
O As the number of women over the age of 45 increases by 1 million, sales of StrongBones is predicted to increase by $7.45
million.
O As the number of women over the age of 45 increases by 1 million, sales of StrongBones is predicted to increase by $8.45
million, holding income constant.
O As the number of women over the age of 45 increases by 1 million, sales of StrongBones is predicted to increase by $7.45

b-2. Interpret the coefficient of income.
O As the average income of women over the age of 45 increases by $1,000, sales of StrongBones is predicted to increase by
$8.45 million.
O As the average income of women over the age of 45 increases by $1,000, sales of StrongBones is predicted to increase by
$7.45 million.
O As the average income of women over the age of 45 increases by $1,000, sales of StrongBones is predicted to increase by
$8.45 million, holding population constant.
O As the average income of women over the age of 45 increases by $1,000, sales of StrongBones is predicted to increase by
$7.45 million, holding population constant.
c. Predict sales if a city has 1.6 million women over the age of 45 and their average income is $43,000. (Enter your answer in millions
rounded to 2 decimal places.)
Sales

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