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Suppose the sales (1000s of $) of a fast food restaurant are a linear function of...

Suppose the sales (1000s of $) of a fast food restaurant are a linear function of the number of competing outlets within a 5 mile radius and the population (1000s of people) within a 1 mile radius. The regression equation quantifying this relation is (sales) = 1.814*(competitors) + 6.379*(population) + 13.837. What would you expect the sales (in 1000s of $) to be of a store that has 3 competitors and a population of 14 thousand people within a 1 mile radius?

Question 10 options:

1)

 94.748

2)

 80.911

3)

 We do not know the observations in the data set, so we cannot answer that question.

4)

 108.585

5)

 58.37
math   Statistics-And-Probability   
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