Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The following regression model has been proposed to predict sales at a fast food outlet. 9-18-2x 1+7x2+15x 3 where x1 the number of competitors

image text in transcribed

The following regression model has been proposed to predict sales at a fast food outlet. 9-18-2x 1+7x2+15x 3 where x1 the number of competitors within 1 mile x2=the population within 1 mile (in 1,000s) x3-1 if drive-up windows are present, 0 otherwise -sales (in $1,000s) Predict sales for a store with 3 competitors, a population of 20,000 within one mile, and 3 drive-up windows (give the answer in dollars). O a. 97,000 Ob. 167,000 O c. 99,000 O d. 197,000

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Management and Cost Accounting

Authors: Colin Drury

8th edition

978-1408041802, 1408041804, 978-1408048566, 1408048566, 978-1408093887

More Books

Students also viewed these Accounting questions

Question

need the irac method answers

Answered: 1 week ago