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1. The accounting department at Box and Go Apparel wishes to estimate the net prot for each of the chain's many stores on the basis

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1. The accounting department at Box and Go Apparel wishes to estimate the net prot for each of the chain's many stores on the basis of the number of employees in the store, overhead costs, average markup, and theft loss. The data from two stores are: e. Net Number Overhead Average Theft Prot of Cost Markup Loss (S thousands} Employees (13 thousands] (percent) (5 thousands} Y X, *3 $846 1 43 $79 69% 513 110 64 50 The dependent variable is . The general equation for this problem is The multiple regression equation was computed to be 33' = 67 + 8XI 10X2 + 0.004X3 3x4. What are the predicted sales for a store with 1 12 employees, an overhead cost of $65,000, a markup rate of 50%, and a loss from theft of $50,000? . Suppose R2 was computed to be .86. Explain. Suppose that the multiple standard error of estimate was 3 (in $ thousands). Explain what this means in this

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