1)IF mulitple regression line Y = 2.3 + 3.4*X1 + 5.2*X2 + 2.1*X3, where:

Y is in hundreds

X1 is advertising expenditures in hundreds

X2 is student population in thousands, and

X3 is 1 if they deliver and 0 otherwise.

Also the follwoing is given

Advertising budget of $1,750

Student population of 22,500

location will not offer delivery

What is the expected profit for this store?

A.$178

B.$17,880

C.$1,780

D.$19,216

Complete solution