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SCQL.Topics. Restaurant Chain 9 B Question Help A national restaurant chain is composed of 6500 restaurants, each of which is located in close proximity to
SCQL.Topics. Restaurant Chain 9 B Question Help A national restaurant chain is composed of 6500 restaurants, each of which is located in close proximity to an interstate highway. The restaurant's business strategy is to serve its core customer base: people traveling on the interstate highway system who are looking for a quality dining experience. Customers generally enjoy the restaurant chain's menu, atmosphere, and consistency from restaurant to restaurant. The company's leadership, located at corporate headquarters, is very interested in the relationship between the cost of a gallon of gasoline and the company's revenue. Specifically, the company is concerned that if gasoline prices rise in the near future, the company's revenue will decline dramatically. The company's research department recently collected data for analysis in order to support leadership's upcoming discussion of whether the company should expand and diversify to locations away from an interstate highway. Annual revenue figures from a random sample of 150 restaurants were collected. The research division also collected and calculated the average annual cost of gasoline at these 150 restaurants by randomly selecting three gasoline stations near each restaurant. Historical data was then used to calculate the average annual cost of gasoline. The Restaurant Number, Geographic Region Annual Revenue, Average Cost of Gasoline, Miles from the Interstate, Square Footage and Annual Increase in Revenue were collected for these 150 restaurants. StatCrunch Data Set Corporate headquarters believes that there is a strong relationship between a restaurant's revenue and the average cost of gasoline near the restaurant. Headquarters is particularly interested in the relationship between these two variables at its high-revenue restaurant locations, defined as a restaurant that generates $21.500,000 or more in annual revenue. How many restaurants in this data set have an annual revenue greater than or equal to $21,500,000? (Type an integer or a decimal. Do not round.) SCQL.Topics. Restaurant Chain 9 B Question Help A national restaurant chain is composed of 6500 restaurants, each of which is located in close proximity to an interstate highway. The restaurant's business strategy is to serve its core customer base: people traveling on the interstate highway system who are looking for a quality dining experience. Customers generally enjoy the restaurant chain's menu, atmosphere, and consistency from restaurant to restaurant. The company's leadership, located at corporate headquarters, is very interested in the relationship between the cost of a gallon of gasoline and the company's revenue. Specifically, the company is concerned that if gasoline prices rise in the near future, the company's revenue will decline dramatically. The company's research department recently collected data for analysis in order to support leadership's upcoming discussion of whether the company should expand and diversify to locations away from an interstate highway. Annual revenue figures from a random sample of 150 restaurants were collected. The research division also collected and calculated the average annual cost of gasoline at these 150 restaurants by randomly selecting three gasoline stations near each restaurant. Historical data was then used to calculate the average annual cost of gasoline. The Restaurant Number, Geographic Region Annual Revenue, Average Cost of Gasoline, Miles from the Interstate, Square Footage and Annual Increase in Revenue were collected for these 150 restaurants. StatCrunch Data Set Corporate headquarters believes that there is a strong relationship between a restaurant's revenue and the average cost of gasoline near the restaurant. Headquarters is particularly interested in the relationship between these two variables at its high-revenue restaurant locations, defined as a restaurant that generates $21.500,000 or more in annual revenue. How many restaurants in this data set have an annual revenue greater than or equal to $21,500,000? (Type an integer or a decimal. Do not round.)
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