Question
Store No Prior Year's Sales Current Year's Sales Current Year's Inv Square ft Avg. Number Full Time Employees Sells Lottery 1 781,793 48,725 2,500 11
Store No | Prior Year's Sales | Current Year's Sales | Current Year's Inv | Square ft | Avg. Number Full Time Employees | Sells Lottery |
1 | 781,793 | 48,725 | 2,500 | 11 | 0 | |
2 | 1,165,221 | 1,146,438 | 44,171 | 2,500 | 11.31 | 0 |
3 | 1,147,430 | 1,195,004 | 45,714 | 2,500 | 12.46 | 0 |
4 | 951,784 | 37,218 | 4,000 | 11.86 | 0 | |
5 | 2,037,463 | 1,981,409 | 45,826 | 4,000 | 10.06 | 1 |
6 | 2,257,920 | 2,300,671 | 53,862 | 4,000 | 11.1 | 1 |
7 | 1,850,354 | 1,956,481 | 49,883 | 4,000 | 10.71 | 1 |
8 | 1,916,884 | 1,799,713 | 47,016 | 4,000 | 7.5 | 1 |
9 | 1,833,209 | 1,820,641 | 59,726 | 4,000 | 14 | 0 |
10 | 774,954 | 35,882 | 2,500 | 11.2 | 0 | |
11 | 980,484 | 1,159,004 | 37,664 | 2,500 | 11.6 | 0 |
12 | 1,069,652 | 1,139,475 | 34,662 | 2,500 | 12.7 | 0 |
13 | 948,522 | 44,782 | 4,000 | 11.86 | 0 | |
14 | 1,795,123 | 1,984,777 | 38,774 | 4,000 | 12.2 | 1 |
15 | 2,119,015 | 2,293,847 | 55,423 | 4,000 | 11.1 | 1 |
16 | 1,947,303 | 1,984,722 | 52,884 | 4,000 | 10.4 | 1 |
17 | 1,705,789 | 1,798,336 | 46,834 | 4,000 | 8.84 | 1 |
18 | 2,396,971 | 2,484,503 | 53,772 | 4,000 | 12.1 | 1 |
19 | 1,901,631 | 1,837,400 | 43,982 | 4,000 | 9.7 | 1 |
20 | 1,514,798 | 1,609,385 | 44,893 | 4,000 | 7.2 | 1 |
21 | 1,886,587 | 1,874,229 | 37,665 | 4,000 | 10.5 | 1 |
22 | 698,333 | 33,826 | 2,500 | 10.5 | 0 | |
23 | 1,092,908 | 1,198,229 | 44,857 | 2,500 | 10.9 | 0 |
Totals | 30618742 | 35719650 | 1038041 | 80000 | 250.8 | 12 |
Five of the 23 stores (stores 1, 4, 10, 13, and 22) opened during the year. Operations vary by geographic location and the mix of products sold.
The location of a store is based on several factors, such as competition and the economic environment of the location. Stores 2, 4, 6, 8, 9, 11, 13, 15, 17, 18, 20, 21, and 23 are considered to be in favorable locations Typically, a stores operations do not change much unless a new product line is introduced, such as providing lottery tickets and offering check-cashing services. The mix of products and services can vary, and the most important factor is whether the store sells gasoline. Assume you are the senior auditor for the audit of Quicky Stores. The CFO is asking, given the above table and charts presented in this case, why is their such a difference in revenue among the stores. To complete this analysis you must answer each of the following questions. Remember your focus is on revenue. Questions1.
Create the regression equation you will use to analyze this issue what would be the dependent variable ?
since the independent variables are
Y=30618742X1+35719650X2+1038041X3+80000X4+250.8X5+
in order words what would someone use in excel using a regression model for the y range ?
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