Davis Stores sells clothing in 15 stores located around the southwestern United States The managers at...

  

 

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Davis Stores sells clothing in 15 stores located around the southwestern United States The managers at Davis are considering expanding by opening new stores and are interested in estimating costs in potential new locations. They believe that costs are driven in large part by store volume measured by revenue. During a discussion, one of the managers suggests that number of employees might be better at explaining cost than store revenues. As a result of that suggestion, managers collected the following information from last year's operations (revenues and costs in thousands of dollars) Store 101 102 103 104 105 Costs $5,727 2,252 2,628 1,815 3,413 3,695 5,591 3,376 4,856 5,273 2,653 2,976 5,446 4,772 1,715 Employees Revenues $4,866 6,436 2,448 4,878 6,087 5,331 3,218 3,544 3,675 3,464 3,098 2,562 3,507 4, 588 3,768 52 29 45 26 36 106 53 57 107 108 51 109 110 45 52 111 43 112 113 38 53 31 114 115 25 e-1. Enter the regression coefficients. e-2. Estimate the cost of a store with revenues of $3.40 million and 51 employees using the results of a multiple regression of store costs on store revenues and employees Complete this question by entering your answers in the tabs below. Reg E1 Reg E2 Estimate the cost of a store with revenues of $3.40 million and 51 employees using the results of a multiple regression of store costs on store revenues and employees. (Round "Intercept", "Employees" and "Revenues" to 2 decimal places in the intermediate calculations. Round your final answers to 2 decimal places.) Slore cost < Reg E1 Store Employees 52 Costs $5,727 2,252 2,628 1,815 3,413 3,695 5,591 3,376 4,856 5,273 2,653 2,976 5,446 4,772 1,715 Revenues $4,866 6,436 2,448 4,870 6,087 5,331 3,218 3,544 3,675 3,464 3,098 2,562 3,507 4,588 3,768 101 102 103 29 45 104 105 26 36 53 106 107 57 108 51 109 110 111 112 113 45 52 43 38 53 114 31 115 25 e-1. Enter the regression coefficients. e-2. Estimate the cost of a store with revenues of $3.40 million and 51 employees using the results of a multiple regression o. costs on store revenues and employees. Complete this question by entering your answers in the tabs below. Req E1 Req E2 Enter the regression coefficients. (Round "Intercept", "Employees" and "Revenues" to 2 decimal places. Negative amounts should be indicated by a minus sign.) Intercept (1,319 87) 0.10 Revenues Employees 101.33 Req E2 > Davis Stores sells clothing in 15 stores located around the southwestern United States The managers at Davis are considering expanding by opening new stores and are interested in estimating costs in potential new locations. They believe that costs are driven in large part by store volume measured by revenue. During a discussion, one of the managers suggests that number of employees might be better at explaining cost than store revenues. As a result of that suggestion, managers collected the following information from last year's operations (revenues and costs in thousands of dollars) Store 101 102 103 104 105 Costs $5,727 2,252 2,628 1,815 3,413 3,695 5,591 3,376 4,856 5,273 2,653 2,976 5,446 4,772 1,715 Employees Revenues $4,866 6,436 2,448 4,878 6,087 5,331 3,218 3,544 3,675 3,464 3,098 2,562 3,507 4, 588 3,768 52 29 45 26 36 106 53 57 107 108 51 109 110 45 52 111 43 112 113 38 53 31 114 115 25 e-1. Enter the regression coefficients. e-2. Estimate the cost of a store with revenues of $3.40 million and 51 employees using the results of a multiple regression of store costs on store revenues and employees Complete this question by entering your answers in the tabs below. Reg E1 Reg E2 Estimate the cost of a store with revenues of $3.40 million and 51 employees using the results of a multiple regression of store costs on store revenues and employees. (Round "Intercept", "Employees" and "Revenues" to 2 decimal places in the intermediate calculations. Round your final answers to 2 decimal places.) Slore cost < Reg E1 Store Employees 52 Costs $5,727 2,252 2,628 1,815 3,413 3,695 5,591 3,376 4,856 5,273 2,653 2,976 5,446 4,772 1,715 Revenues $4,866 6,436 2,448 4,870 6,087 5,331 3,218 3,544 3,675 3,464 3,098 2,562 3,507 4,588 3,768 101 102 103 29 45 104 105 26 36 53 106 107 57 108 51 109 110 111 112 113 45 52 43 38 53 114 31 115 25 e-1. Enter the regression coefficients. e-2. Estimate the cost of a store with revenues of $3.40 million and 51 employees using the results of a multiple regression o. costs on store revenues and employees. Complete this question by entering your answers in the tabs below. Req E1 Req E2 Enter the regression coefficients. (Round "Intercept", "Employees" and "Revenues" to 2 decimal places. Negative amounts should be indicated by a minus sign.) Intercept (1,319 87) 0.10 Revenues Employees 101.33 Req E2 >

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We have used MS Excel for performing regression analysis Following are the steps followed 1 On the D... View the full answer