A sample of 74 Noodles Company restaurants was used
A sample of 74 Noodles & Company restaurants was used to perform a regression analysis with Y = % Annual Revenue Growth and X = % Revenue Due to Loyalty Card Use. Calculate the leverage statistic for the following three restaurants and state whether or not the leverage - would be considered high. Given: SSxx = 22.285 and x-bar = 2.027 percent.
a. Restaurant 21 earned .072 percent of revenue from loyalty card use.
b. Restaurant 29 earned 1.413 percent of revenue from loyalty card use.
c. Restaurant 64 earned 3.376 percent of revenue from loyalty card use.
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