Question 27 Develop a multiple-regression model for auto sales as a function of population and household...

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Question 27 Develop a multiple-regression model for auto sales as a function of population and household income from the following data for 10 metropolitan areas: Area Auto Sales Household Income 1 185,792 23,409 Population 133.17 2 85,643 19,215 110.86 3 97,101 20,374 68.04 4 100,249 16,107 99.59 5 527,817 23,423 289.52 6 403,916 19,426 339.98 7 78,283 18,742 89.53 8 188,756 18,553 155.78 9 329,531 21,953 248.95 10 91,944 16,358 102.13 Estimate values for bo, b, and b for the following model: AS = bo + b (INC) + b (POP) What point estimate of AS would you make for a city where INC = $23,175 and POP = 128.07? 4 pts Question 27 Develop a multiple-regression model for auto sales as a function of population and household income from the following data for 10 metropolitan areas: Area Auto Sales Household Income 1 185,792 23,409 Population 133.17 2 85,643 19,215 110.86 3 97,101 20,374 68.04 4 100,249 16,107 99.59 5 527,817 23,423 289.52 6 403,916 19,426 339.98 7 78,283 18,742 89.53 8 188,756 18,553 155.78 9 329,531 21,953 248.95 10 91,944 16,358 102.13 Estimate values for bo, b, and b for the following model: AS = bo + b (INC) + b (POP) What point estimate of AS would you make for a city where INC = $23,175 and POP = 128.07? 4 pts