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Observations Price (X) Dinners Sold (Y) 1 $ 3.25 1255 2 $ 4.50 950 3 $ 6.25 752 4 $ 7.00 623 5 $ 4.25
Observations Price (X) Dinners Sold (Y) 1 $ 3.25 1255 2 $ 4.50 950 3 $ 6.25 752 4 $ 7.00 623 5 $ 4.25 955 6 $ 4.00 1053 7 $ 3.99 1101 8 $ 4.99 897 9 $ 5.99 819 11 $ 2.99 1333
What is your Regression Equation? What is the Correlation Coefficient? What is the Coefficient of Determination? How many chicken value meals can KFC expect to sell at $5.50 each? If the cost of prepping a meal is $1.50, at what price point do you expect to maximize your profits?
| Observations | Price (X) | Dinners Sold (Y) |
| 1 | $ 3.25 | 1255 |
| 2 | $ 4.50 | 950 |
| 3 | $ 6.25 | 752 |
| 4 | $ 7.00 | 623 |
| 5 | $ 4.25 | 955 |
| 6 | $ 4.00 | 1053 |
| 7 | $ 3.99 | 1101 |
| 8 | $ 4.99 | 897 |
| 9 | $ 5.99 | 819 |
| 11 | $ 2.99 | 1333 |
| What is your Regression Equation? | |
| What is the Correlation Coefficient? | |
| What is the Coefficient of Determination? | |
| How many chicken value meals can KFC expect to sell at $5.50 each? | |
| If the cost of prepping a meal is $1.50, at what price point do you expect to maximize your profits? |
| Observations | Price (X) | Rain | Rain | Dinners Sold (Y) |
| 1 | $ 3.25 | 0 | No | 1255 |
| 2 | $ 4.50 | 1 | Yes | 950 |
| 3 | $ 6.25 | 0 | No | 752 |
| 4 | $ 7.00 | 0 | No | 623 |
| 5 | $ 4.25 | 1 | Yes | 955 |
| 6 | $ 4.00 | 1 | Yes | 1053 |
| 7 | $ 3.99 | 0 | No | 1101 |
| 8 | $ 4.99 | 1 | Yes | 897 |
| 9 | $ 5.99 | 0 | No | 819 |
| 11 | $ 2.99 | 0 | No | 1333 |
| What is your Regression Equation? | |
| What is the Correlation Coefficient? | |
| What is the Coefficient of Determination? | |
| How many chicken value meals can KFC expect to sell at $5.50 each? | |
| If the cost of prepping a meal is $1.50, at what price point do you expect to maximize your profits? |
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Entrepreneurship
Authors: Andrew Zacharakis, William D Bygrave
5th Edition
1119563097, 9781119563099
