Question 29 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 29 1 Pts A Retail Store S Sales Forecast Is Based On The Number Of Households Nearby And Store Location The Es 1 (134.84 KiB) Viewed 26 times

Question 29 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 = 0 if store located in city's downtown) Referring to the regression equation above, the correct interpretation of b2 is: For each additional store on a suburban street, weekly sales is expected to decrease by $6,860. Weekly sales for a downtown store is expected to be $6,860 less than a store on a suburban street. For each additional store on a suburban street, there are 6.86 fewer downtown stores. Weekly sales for a store on a suburban street is expected to be $6,860 less than a downtown store.