The following data provides the monthly Comcast cable bill for a random sample of 20 households along with the number of televisions in the household (TV), the number of people living in the household (People), and the number of years that household has been a Comcast customer (Years).

BillTVPeopleYears

$56138

$593511

$67323

$75238

$76418

$82154

$84333

$84138

$84444

$90243

$91355

$100279

$100225

$102446

$1043510

$104346

$112432

$114458

$130551

$135567

Develop a regression equation that will predict the monthly Comcast cable bill for a household based on the number of televisions in the household, the number of people living in the household, and the number of years that household has been a Comcast customer.

The correct estimate of the multiple regression model is:

4. Bill = 53.814 + 8.3615*TV + 6.33946*People - 1.8608*Years