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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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