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Please show workings. thanks Davis Stores sells clothing in 15 stores located around the southwestern United States. The managers at Davis are considering expanding by
Please show workings. thanks 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. During a discussion, one of the managers suggests that number of employees might be better at explaining cost than store revenues. As a result of that suggestion managers collected the following information from last year's operations (revenues and costs in thousands of dollars) Store Employees 53 101 102 103 28 55 27 43 184 105 106 30 107 108 109 110 Costs $6,007 2,815 5,804 2,119 5,412 1,935 5,445 1,874 4,481 1,827 4,086 4,396 6,293 1,682 3,083 55 27 35 54 Revenues $3,437 6,397 6,784 6,214 3,457 6,920 3,269 4,749 3,456 6,966 2,786 4,751 4,649 2,474 4,865 111 112 113 114 115 32 53 57 26 35 d-1. Enter the regression coefficients d-2. Estimate the cost of a store with 28 employees using the results from a simple regression of store cost on employees. Complete this question by entering your answers in the tabs below. Reg D1 Reg D2 Enter the regression coefficients. (Round your answers to 2 decimal places. Negative amounts should be indicated by a minus sign.) Intercept Employees Reg D2 >
Please show workings. thanks
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