Question 27 1 pts A retail store's sales forecast is based on the number of households nearby and store location. The es

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Question 27 1 Pts A Retail Store S Sales Forecast Is Based On The Number Of Households Nearby And Store Location The Es 1 (140.67 KiB) Viewed 32 times

Question 27 1 pts A retail store's sales forecast is based on the number of households nearby and store location. The estimated regression equation is: y-hat = 21.84 +0.87(x1) - 6.86(x2) + 21.51(x3) where: y = Weekly sales ($1000's) X1 = Number of households (in 1000's) near the store X2 = 1 if store is located on a suburban street X3 = 1 if store is located in a shopping mall (x2 and x3 = if store loc ed in city's downtown) Referring to the regression equation above, the correct interpretation of bois: Expected weekly sales is $21,840 more for a downtown store than a shopping mall store where there are 0 households near the mall. Expected weekly sales for a store on a suburban street or in a shopping mall is $21,840 if there are 1,000 households near the store. The minimum expected weekly sales for a store in any location is $21,840. Expected weekly sales is $21,840 for a downtown store if there are 0 households near the store.