Arnold Tofu owns and operates a chain of 12 vegetable protein hamburger restaurants in Chicago area....
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Arnold Tofu owns and operates a chain of 12 vegetable protein "hamburger" restaurants in Chicago area. Sales figures and profits for the stores are in the table below. Sales are given in millions of dollars; profits are in hundreds of thousands of dollars. Calculate a regression line for the data. What is your forecast of profit for a store with sales of $24 million? $30 million? (10 points. Please show your regression results from Excel) Store 1 2 3 4 5 6 7 8 9 10 11 12 Profits 14 11 15 16 24 28 22 21 26 43 34 9 Sales 6 3 5 5 15 18 17 12 15 30 14 5 Arnold Tofu owns and operates a chain of 12 vegetable protein "hamburger" restaurants in Chicago area. Sales figures and profits for the stores are in the table below. Sales are given in millions of dollars; profits are in hundreds of thousands of dollars. Calculate a regression line for the data. What is your forecast of profit for a store with sales of $24 million? $30 million? (10 points. Please show your regression results from Excel) Store 1 2 3 4 5 6 7 8 9 10 11 12 Profits 14 11 15 16 24 28 22 21 26 43 34 9 Sales 6 3 5 5 15 18 17 12 15 30 14 5
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Financial Accounting and Reporting a Global Perspective
ISBN: 978-1408076866
4th edition
Authors: Michel Lebas, Herve Stolowy, Yuan Ding
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