Regression

Decision Science Test 2 QUESTION 1 15 MARKS Clustering is where a number of businesses offering the same goods or services are located in the same area or in close proximity to each other. A group of Mstudents set out to study the e'eets of \"Clustering\" using Real Deal Auto parts companies on MPH]: Road as their sample. They gathered data from Real Deal Auto on daily revenue and the number of companies in close proximity. This data is listed in the table below nan-mails! 5'1000 Number of companies in close Proximi a : Ey-bEx . b = nExy-EIEJ' nZE-(ExF REIT12? r _ snz-[zx \"BE '(EJ'J USE EQUATIONS above to answer the following question. a} Develop the least square estimated regression equation 5 marks b) Describe the relationship between the variables 3 marks e) 15 this model a good predictor. Why '3 4 marks I!) Based on this model, what daily revenue can Real Deal Auto expect if there are 8 companies in close proximity 3 marks