An innovative restaurateur owns and operates a dozen Ultimate Low-Carb restaurants in northern Arkansas. His signature item
Fantastic news! We've Found the answer you've been seeking!
Question:
An innovative restaurateur owns and operates a dozen "Ultimate Low-Carb" restaurants in northern Arkansas. His signature item is a cheese-encrusted beef medallion wrapped in lettuce. Sales (x, in millions of dollars) is related to profits (y-hat, in hundreds of thousands of dollars) by the regression equation y-hat = 7.21 + 0.83x. What is your forecast of profit for a store with sales of $40 million? $50 million?
Related Book For
Fundamentals of Cost Accounting
ISBN: 978-0077398194
3rd Edition
Authors: William Lanen, Shannon Anderson, Michael Maher
Posted Date: