Question: Question text Given the following Linear regression model: Profit ($) = 134 + 1.5*Sales ($) + 3* Cafe vs Pizza store + 4* Burger vs

Question text

Given the following Linear regression model:

Profit ($) = 134 + 1.5*Sales ($) + 3* Cafe vs Pizza store + 4* Burger vs Pizza store

What would be the predicted profit if the sales of aPizza store are 3,000 ($)?

Select one:

a.4634

b.4637

c.4638

d.4641

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Mathematics Questions!

Q:

Given the following Linear regression model: Profit ($) = 134 + 1.5*Sales ($) + 3* Cafe vs Pizza store + 4* Burger vs Pizza store What would be the predicted profit if the sales of aPizza store are...

Q:

Given the following Linear regression model: Profit ($) = 134 + 1.5*Sales ($) + 3* Cafe vs Pizza store + 4* Burger vs Pizza store What would be the predicted profit if the sales of aPizza store are...

Q:

Given the following Linear regression model: Profit ($) = -13 + 0.09 *counter Sales ($) + 0.03 * Drive through sales How many extra counter sales are required to increase the profit by 1$, assuming...

Q:

The provided dataset "Franchises Dataset" contains data collected from different 100 franchises. The data contains the net profit (million $) for each franchise, the counter sales (million $), the...

Q:

Pone Descriptive Analytic Project Spring 2022 Task: Utilizing your assigned file only (see file 3. File Assignments), perform a descriptive analysis over the data that provides a comprehensive...

Q:

Supply Chain Management Introduction Outline What is supply chain management? Significance of supply chain management. Push vs. Pull processes utdallas.edu/~metin 1 A Generic Supply Chain Sources:...

Q:

Lecture Notes DL MGT 5100 - Distribution Management Spring 2017 1.0. Day one, Monday, Monday, 9 Jan 17 1.1. Reading Assignments: Chapters 1 and 2 1.1.1. I intend to follow the book so as to provide a...

Q:

Lecture Notes DL MGT 5100 - Distribution Management Spring 2017 1.0. Day one, Monday, Monday, 9 Jan 17 1.1. Reading Assignments: Chapters 1 and 2 1.1.1. I intend to follow the book so as to provide a...

Q:

Lecture Notes DL MGT 5100 - Distribution Management Spring 2017 1.0. Day one, Monday, Monday, 9 Jan 17 1.1. Reading Assignments: Chapters 1 and 2 1.1.1. I intend to follow the book so as to provide a...

Q:

Hi Erylee88, I would like to utilize your service again. Same format different questions. Please find attached document for your review. Let me know. Thank you, Sam...

Q:

A firm is expected to generate $10M in sales next year. The annual costs are expected to be 20% of sales. The tax rate is 30%. The after-tax cash flow is expected to remain constant forever. The firm...

Q:

Task 1: (800 words) The Non-Financial Public Companies include Government-owned Companies and Legal bodies that operate mainly across Oman. Perform ratio analysis of a publicly listed Non-Financial...

Q:

Even though most companies keep fixed asset records to identify equipmentand its original cost by location or department, charges for depreciation,property taxes, and fire insurance are often...

Q:

At what amount are the assets of a discontinued operation held for sale reported on the balance sheet?

Q:

1. Discuss what you think is meant by the following statements: a) Splitting an egg into half to get two chickens. b) We cannot study time by taking apart a clock.

Q:

5. Give some examples of hidden knowledge.

Q:

3. Try to clarify how you think when you are going to write a note aimed at influencing the leader of the department. Remember, it is not what you think, but how you think that should be clarified....