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The following information applies to the questions displayed below. Davis Stores sells clothing in 15 stores located around the southwestern United States. The managers at
The following information applies to the questions displayed below. Davis Stores sells clothing in 15 stores located around the southwestern United States. The managers at Davis are considering expanding by opening new stores and are interested in estimating costs in potential new locations. They believe that costs are driven in large part by store volume measured by revenue. The following data were collected from last year's operations (revenues and costs in thousands of dollars): Store Revenues Costs $4,100 $4,214 2,894 5,181 2,227 5,738 3,982 2,914 4,023 103 3,6/6 10 6.894 5,029 2,371 5,416 ,688 3,228 2,959 4,179 3,200 2,556 4,655 1,779 110 112 113 114 115 3,886 ,690 3,552 4,817 2
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