Question: A linear regression was applied to the monthly data table in Question 4 with corrected data. The following regression results were reported: Assume Bubbs sells
A linear regression was applied to the monthly data table in Question 4 with corrected data. The following regression results were reported:
Assume Bubbs sells for $9.00 per case , variable corporate costs are 5 percent of the selling price, fixed corporate overhead is 12% of the annual corporate costs which totaled $4.82 (in millions of dollars). What is the expected annual Bubbs product margin if 2,200,000 cases are sold? Ignore taxes.
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