Question
You are thinking about opening up a Starbucks in your area but what to know if it is a good investment. How much money do
You are thinking about opening up a Starbucks in your area but what to know if it is a good investment. How much money do Starbucks actually make in a year? You collect data to, to help estimate Annual Net Sales, in thousands, of dollars to know how much money you will be making.
You collect data on 27 stores to help make your decision.
x1 = Rent in Thousand per month
x2 = Amount spent on Inventory in Thousand per month
x3 = Amount spent on Advertising in Thousand per month
x4 = Sales in Thousand per month
x5= How many Competitors stores are in the Area
Approximately what percentage of the variation in Annual Net Sales is accounted for by these 5 variables in this model?
Annual Net Sales in Thousands Rent/$1000 Inventory/$1000 Advertising/$1000 Sales per month /$1000 # Competior Stores in Area 231 3 303 8. 199999809 8. 199999809 12 156 2.20000005 267 6.900000095 4.099999905 13 10 0.5 156 3 4.300000191 15 499 5.5 667 13 16.10000038 IN 437 4.4000001 567 10.60000038 14.10000038 5 487 4.80000019 571 11.80000019 12.69999981 4 303 3.09999991 512 8.1 10.10000038 195 2.5 355 7.699999809 8.8 20 1.20000005 212 3.299999952 2.099999905 68 0.60000002 102 4.900000095 4.699999809 566 5.4000001 788 17.39999962 12.30000019 428 4. 19999981 577 10.5 14 WAONAWVUTOO CI WOO 464 4.69999981 535 11.30000019 15 15 0.60000002 163 2.5 2.5 64 1.20000005 167 4.699999809 3.299999952 98 1.60000002 151 4.599999905 2.700000048 398 4.30000019 342 5.5 16 161 2.59999991 196 7. 199999809 6.300000191 397 3.79999995 453 10.39999962 13.89999962 497 5.30000019 518 11.5 16.29999924 450 5.59999991 615 12.30000019 16 124 0.80000001 278 2.799999952 6.5 COMO NAO- VW 0.5 1.10000002 142 3.099999905 1.600000024 347 3.59999991 461 9.6 11.30000019 341 3.5 382 9.800000191 11.5 507 5.09999991 588 12 15.69999981 399 8.6 517 7 12Step by Step Solution
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