A president of a large chain of fast food restaurants collects data on 100 franchises a Estimate the model y 0 1 x 1 2 x 2 where y is net profit, x 1 is counter sales, and x 2 is drive through sales All variables are measured in millions of dollars b Interpret the coefficient attached to drive thro...

a Net Profit 02091 00875Counter Sales01123 Drivethrou ...

A president of a large chain of fast-food restaurants collects data on 100 franchises. a. Estimate the

Question:

A president of a large chain of fast-food restaurants collects data on 100 franchises.
a. Estimate the model: y = β₀ + β₁x₁ + β₂x₂ + ɛ where y is net profit, x₁ is counter sales, and x₂ is drive through sales. All variables are measured in millions of dollars.
b. Interpret the coefficient attached to drive-through sales.
c. Predict the net profit of a franchise that had counter sales of $6 million and drive-up sales of $4 million.