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Brewsky's is a chain of micro-breweries. Managers are interested in the costs of the stores and believe that the costs can be explained in large
Brewsky's is a chain of micro-breweries. Managers are interested in the costs of the stores and believe that the costs can be explained in large part by the number of customers patronizing the stores. Monthly dets regarding customer visits and costs for the preceding year for one of the stores have been entered into the regression analysis and the analysis is as follows: 1,702 $ 4,929 Average monthly customer visits Average monthly total costs Regression Results Intercept b coefficient R $ 1,736 $ 2.40 @.89234 Based on the dets derived from the regression analysis, what are the estimated costs for 1,600 customer visits in a month? (CMA adapted) Multiple Choice $4.929 $3.940. $5.576. O $6.665
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