The following regression model has been proposed to predict sales at a fast food outlet: y-hat = 18 - 2x1+ 7x2 + 15x3 wh
Posted: Wed May 11, 2022 11:16 am
The following regression model has been proposed to predict
sales at a fast food outlet:
y-hat = 18 - 2x1+ 7x2 +
15x3
where: y-hat = sales (in $1,000s)
x1 = the number of competitors within 1
mile
x2 = the population (in 1,000s) within 1
mile
x3 = 1 if any drive-up windows are present,
otherwise x3 = 0
The predicted sales (in dollars) for a store with 2 competitors,
a population of 10,000 within one mile, and two drive-up windows
is
Group of answer choices
$114,000
$84,000
$92,000
$99,000
sales at a fast food outlet:
y-hat = 18 - 2x1+ 7x2 +
15x3
where: y-hat = sales (in $1,000s)
x1 = the number of competitors within 1
mile
x2 = the population (in 1,000s) within 1
mile
x3 = 1 if any drive-up windows are present,
otherwise x3 = 0
The predicted sales (in dollars) for a store with 2 competitors,
a population of 10,000 within one mile, and two drive-up windows
is
Group of answer choices
$114,000
$84,000
$92,000
$99,000