The following estimated regression model was developed, Ask an Expert

Management Studies

The following estimated regression model was developed relating yearly revenue (Y in $1,000,000s) of 30 companies with their years of existence (X1) and their profile (X2) (0 if technology and 1 if non-technology). Y = 30 + 0.7X1 + 3X2. The expected yearly revenue of:

A. technology companies is $3000 more than non technology companies

B. non-technology companies is $3000 more than technology companies

C. technology companies is $3,000,000 more than non-technology companies

D. non-technology companies is $3,000,000 more than technology companies

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Operation Management, Management Studies

Category:- Operation Management
Reference No.:- M92028640

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