Suppose the sales (1000s of $) of a fast food restaurant are a linear function of the number of competing outlets within a 5 mile radius and the population (1000s of people) within a 1 mile radius. The regression equation quantifying this relation is (sales) = 1.973*(competitors) + 5.231*(population) + 6.237. What would you expect the sales (in 1000s of $) to be of a store that has 6 competitors and a population of 9 thousand people within a 1 mile radius?

Question 15 options:

1)We do not know the observations in the data set, so we cannot answer that question.

2)58.917

3)55.38

4)52.68

5)65.154