You work for an wholesaler that sells coffee to retail businesses. For each client, you have data on the total purchases

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You Work For An Wholesaler That Sells Coffee To Retail Businesses For Each Client You Have Data On The Total Purchases 1 (103.39 KiB) Viewed 71 times

You work for an wholesaler that sells coffee to retail businesses. For each client, you have data on the total purchases made by the client (Puchases, measured in kilograms), the profit of each client (Turnover, measured in dollars), and the number of stores operated by each client (Stores, measured in number of stores). A multiple regression with Puchases as the dependent variable and Turnover and Stores as the independent variables was run, leading to the following fitted model: Puchases = 2988.249 + 5.114 x Turnover + 53.931 x Stores Which of the following are correct interpretations of the coefficients? (Select all answers that are correct.) We estimate that an increase in Stores of 1 store is associated with an increase in expected Turnover of 53.931 dollars holding Puchases constant. We estimate that an increase in stores of 53.931 stores is associated with an increase in expected Puchases of 1 kilogram holding Turnover constant. o We estimate that an increase in Stores of 1 store is associated with an increase in expected Puchases of 53.931 kilograms holding Turnover constant. o We estimate that an increase in Turnover of 1 dollar is associated with an increase in expected Puchases of 5.114 kilograms holding Stores constant. We estimate that an increase in Turnover of 1 dollar is associated with an increase in expected Stores of 5.114 stores holding Puchases constant. We estimate that an increase in Turnover of 5.114 dollars is associated with an increase in expected Puchases of 1 kilogram holding Stores constant.