Question: Explain every step as clearly as possible Suppose I am doing analysis on a company that I happen to own. I only sell one product,

Explain every step as clearly as possible

Suppose I am doing analysis on a company that I happen to own. I only sell one product, widgets. I offer a membership program that costs $100 for an individual to sign up for life. Widgets sell for $10 to non-members and $8 to members. Suppose you wanted to construct a regression equation to estimate your revenue with the following format. I Revenue = Bo + 3, * widgets + 32 * member + 3 widgets * member Find the values for: BO = B, = B2 = Ba =

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