1) What is the coefficient estimate (b1) for the independent variable, population size, x1?

2) If the population size reaches 65 and the business rating is 10, how much yearly revenue will you predict? (1 decimal place)

3) What is the coefficient estimate (b2) for the independent variable, business rating, x2?

4) For the tasty sub shop revenue data, you are required to construct a multiple linear regression. What is the coefficient estimate for the intercept/constant? (3 decimal places)

5) what is relationship between population size and yearly revenue?

Transcribed Image Text:

The Tasty Sub Shop Revenue Data Restaurant 1 H68L AS A WN 4 9 10 Population Size, x1 (1000s) 20.8 27.5 32.3 37.2 39.6 45.1 49.9 55.4 61.7 64.6 Business Rating, x2 3 2 6 5 8 3 9 5 4 7 Yearly Revenue, y ($1000s) 527.1 548.7 767.2 722.9 826.3 810.5 1040.7 1033.6 1090.3 1235.8 The Tasty Sub Shop Revenue Data Restaurant 1 H68L AS A WN 4 9 10 Population Size, x1 (1000s) 20.8 27.5 32.3 37.2 39.6 45.1 49.9 55.4 61.7 64.6 Business Rating, x2 3 2 6 5 8 3 9 5 4 7 Yearly Revenue, y ($1000s) 527.1 548.7 767.2 722.9 826.3 810.5 1040.7 1033.6 1090.3 1235.8

Answer rating: 100% (QA)

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