Question: The development team has identified a promising location for a new franchise that has 1 0 , 0 0 0 college students living nearby. Based

The development team has identified a promising location for a new franchise that has 10,000 college students living nearby. Based on her simple regression model, Janice predicts that this new franchise would experience quarterly sales of y =5x +60=(5\times 10)+60=110, or $110,000. Janice has highlighted this prediction on her chart.

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