Osteoporosis is a degenerative disease that primarily affects women over the age

Question

Osteoporosis is a degenerative disease that primarily affects women over the age of 60. A research analyst wants to forecast sales of StrongBones, a prescription drug for treating this debilitating disease. She uses the model Sales = 0 + 1Population + 2Income + , where Sales refers to the sales of StrongBones($1,000,000s), 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 ($1,000s). She collects data on 38 cities across the United States and obtains the following relevant regression results:

Predict sales if a city has 1.5 million women over the age of 60 and their average income is $44,000. (Enter your answer in millions rounded to 2 decimal places. The data is ALREADY in millions-do not add 6 zeroes to your answer.)

Osteoporosis is a degenerative disease that primarily affects women over the age of 60. A research analyst wants to forecast sales of StrongBones, a prescription drug for treating this debilitating disease. She uses the model Sales = 0 + 1Population + 2Income + , where Sales refers to the sales of StrongBones($1,000,000s), 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 ($1,000s). She collects data on 38 cities across the United States and obtains the following relevant regression results:

Explanation / Answer

here regression equation from above output:

sales =10.35+8.47*population +7.62*income

hence predicted sales =10.35+8.47*1.5+7.62*44=358.34

please revert for any clariifcation

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