A small business analyst seeks to determine which variables should be used to predict small business mean annual revenue for U. S. metropolitan areas. The analyst decides to consider the independent variables age, the mean age (in months) of small businesses in the metropolitan area; and BizAnalyzer, the mean BizAnalyzer score of small businesses in the metropolitan area. (The BizAnalyzer score measures on a scale of 1 to100 the level of risk that the small businesses in the metropolitan area present to potential lenders.) The dependent variable, revenue, is mean annual revenue. Using data collected from a sample of 25 metropolitan areas, the regression results are:
a. State the multiple regression equation.
b. Interpret the meaning of the slopes, b1 and b2, in this problem.
c. What conclusions can you reach concerning mean annual revenue?

  • CreatedJuly 16, 2015
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