Question: It seems logical that restaurant chains with more units (restaurants) would have greater sales. This assumption is mitigated, however, by several possibilities: some units may
It seems logical that restaurant chains with more units (restaurants) would have greater sales. This assumption is mitigated, however, by several possibilities: some units may be more profitable than others, some units may be larger, some units may serve more meals, and some units may serve more expensive meals, and so on. The data shown here were published by Technomic. Perform a simple regression analysis to predict a restaurant chains sales by its number of units. How strong is therelationship?
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Chain McDonald's Subway Wendy's Burger King Taco Bell Pizza Hut KFC Chick-Fil-A SONIC Drive-Ins Domino's Pizza Panera Bread Arby's Jack in the Box Sales ($ billions) 34.2 11.4 8.5 8.4 6.8 5.4 4.5 Number of Units (1000) 14.1 24.7 5.9 7.2 5.7 7.6 4.8 1.6 3.5 4.9 3.7 3.4 3.3 3.0 3.0 3.5 2.2
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Sales y Number of Units x 342 141 114 247 85 59 84 72 6... View full answer
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