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Davis Stores sells clothing in 15 stores located around the southwestern United States. The managers at Davis are considering expanding by opening new stores and

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Davis Stores sells clothing in 15 stores located around the southwestern United States. The managers at Davis are considering expanding by opening new stores and are interested in estimating costs in potential new locations. They believe that costs are driven in large part by store volume measured by revenue. The following data were collected from last year's operations (revenues and costs in thousands of dollars). Simple regression results from the data of Davis Stores are as follows. Required: a. Estimate store costs for a store with revenue of $3.5 million. b. What percentage of the variation in store costs is explained by the independent varia Complete this question by entering your answers in the tabs below. Complete this question by entering your answers in the tabs below. Estimate store costs for a store with revenue of $3.5 million. (Enter the answer in thousands of 2 decimal places.) What percentage of the variation in store costs is explained by the independent varlable? (Enter answe rounded to 1 decimal place.)

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