Business, 30.10.2019 06:31 bugbug89

7.3 management proposed the following regression model to predict sales at a fast-food outlet: yi 5 b0 1 b1x1,i 1 b2x2,i 1 b3x3,i 1ei where y i 5 sales ($1000s) x 1, i 5 number of competitors within one mile x 2, i 5 population within one mile (1000s) x 3, i 5 1 if a drive up window is present and 0 otherwise the following estimated regression equation was developed after 20 outlets were surveyed: y^i 5 10.1 2 4.2x1,i 1 6.8x2,i 1 15.3x3,i a. what is the expected amount of sales attributable to the drive-up window? b. predict sales for a store with two competitors, a population of 8,000 within one mile, and no drive-up window. c. predict sales for a store with one competitor, a population of 3,000 within one mile, and a drive-up window.

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7.3 management proposed the following regression model to predict sales at a fast-food outlet: yi 5...

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