Question 30 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 30 1 Pts A Retail Store S Sales Forecast Is Based On The Number Of Households Nearby And Store Location The Es 1 (133.82 KiB) Viewed 22 times

Question 30 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 b3 is: Weekly sales for a store in a shopping mall is expected to be $21,510 more than a downtown store. | O o For each additional store in a shopping mall, there are 21.51 more downtown stores. Weekly sales for a downtown store is expected to be $21,510 more than a store in a shopping mail. For each additional store in a shopping mall, weekly sales is expected to increase by $21,510.