The following regression model has been proposed to predict sales at a fast food outlet. Y= 18000-2000x

Fantastic news! We've Found the answer you've been seeking!

Question:

The following regression model has been proposed to predict sales at a fast food outlet. Y= 18000-2000x₁+7x₂+15000x₃ Where x_{1 = number of competitors} _{x2 = population within one mile} _{x3 = 1 if a drive-up window otherwise 0} _{Y = sales in (1000s)} _{Predict sales for a store with 2 competitors, a population of 10,000 within one mile, and no drive-up window (give the answer in dollars).}

a. $92,000

b. none of the stated answers is correct

c. $107,000

d. $84,000

e. $99,000

Posted Date: May 17, 2024 03:03 AM

See More Questions

Find the laurents series f(z)= 1/(z-1)(z-2) (i) |z| <1 (ii) 1 2
During 20X1, Jacinta Manufacturing Company (JMC) declared and paid cash dividends of $10,000. Late in the year, JMC bought new welding machinery for a cash cost of $125,000, financed partly by its...
7.32 Suppose the following direct quotes are received for spot and one-month French francs in New York: .1260-684-6. Then the outright 30-day forward quote for the French is:
When does a deficit occur?
Wexpro, Inc., produces several products from processing 1 ton of clypton, a rare and processing costs total $60,000 per ton, one-fourth of which is allocated to product thousand units of product X15...
Terrell Trucking Company is in the process of setting its target capital structure. The CFO believes that the optimal debt - to - capital ratio is somewhere between 2 0 % and 5 0 % , and her staff...
Pick any product or service that you think FIFA needs to procure (buy). Write down the stages of b2b process and tell whether it is a modified or new task. Write buying center roles and what...
how many years will it take for this to occur if the displacement to be made is 590km northwest, assuming the velocity remains constant at the given value?
1. State the important and relevant facts. 2. What the lawsuit was about, in other words what were the causes of action being claimed and by whom. 3. Who testified at the trial for the plaintiff and...
Compare and contrast contact forces and action-at-a-distance forces. Give an example of each type of force.
four economists representing the classical, Keynesian, monetarist and supply-side schools of macroeconomic thought. Write your answer to the following prompts: Explain what policy recommendations...
Congratulations! You're the first person to step foot on a new planet. Standing on the planet's surface, you step on a scale and measure your weight to be 500 N. If you know that your mass is 50 kg,...
Advantages and disadvantages of incorporation as a method of carrying on business as compared to sole proprietorship and partnership ?
In the series connection below, what are the respective power consumptions of R, R2, and R3? R R www 4 V=6V P1-3 W; P2=3W; and P3= 3 W OP10.5 W; P2-1 W; and P3= 1.5 W P1=1.5 W; P2=1 W; and P3= 0.5 W...
Taylor Company reports free cash flow of $$15,000,$ total cash of $$18,000,$ net income of $$50,000,$ current assets of $$90,000,$ average current liabilities of $$60,000,$ and cash flow...
Smith & Sons reports interest expense of $$90,000$ on its income statement. The beginning and ending balances for interest payable reported on its balance sheet are $$10,000$ and $$15,000,$...
Explain how to convert before-tax cash operating expenses and depreciation deductions into after-tax amounts.

The following regression model has been proposed to predict sales at a fast food outlet. Y= 18000-2000x

Question:

Expert Answer:

Students also viewed these mathematics questions