Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Please help me solve! Fact Pattern: Many firms have site location models to predict future sales (Y) at locations yet to be developed. Some explanatory

Please help me solve! image text in transcribed

Fact Pattern: Many firms have site location models to predict future sales (Y) at locations yet to be developed. Some explanatory variables that could be used are: population density within a specific radius (X1), traffic flow (X2), the number of competitors (X3), and the ease of entry into and out of the proposed site (X4). An abbreviated computer printout of a linear analysis yields: DEPENDENT VARIABLE: Y N: 12 R: .986 R SQUARED: .972 STANDARD ERROR: 3800 VARIABLE CONSTANT X1 X2 X3 X4 COEFFICIENT 124,000 5 350 -1,700 4,000 According to the computer printout, if traffic flow increased by one more unit, sales would A. Increase by 5. B. Decrease by 1,700. C. Increase by 4,000. D. Increase by 350. Fact Pattern: Many firms have site location models to predict future sales (Y) at locations yet to be developed. Some explanatory variables that could be used are: population density within a specific radius (X1), traffic flow (X2), the number of competitors (X3), and the ease of entry into and out of the proposed site (X4). An abbreviated computer printout of a linear analysis yields: DEPENDENT VARIABLE: Y N: 12 R: .986 R SQUARED: .972 STANDARD ERROR: 3800 VARIABLE CONSTANT X1 X2 X3 X4 COEFFICIENT 124,000 5 350 -1,700 4,000 According to the computer printout, if traffic flow increased by one more unit, sales would A. Increase by 5. B. Decrease by 1,700. C. Increase by 4,000. D. Increase by 350

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Green Energy Audit Of Buildings A Guide For A Sustainable Energy Audit Of Buildings

Authors: Giuliano Dall’O’

2013 Edition

1447161726, 978-1447161721

More Books

Students also viewed these Accounting questions

Question

How do books become world of wonder?

Answered: 1 week ago

Question

If ( A^2 - A + I = 0 ), then inverse of matrix ( A ) is?

Answered: 1 week ago