The following regression model has been proposed to predict sales at a fast food outlet.
Y=18000-2000x_(1) 7x_(2) 15000x_(3)
Where
x_(1)
- number of compethons
x_(2)=
population within sne mile
x_(3)=1
Il a dive-up window otherwitse 0
Y=
sales in (1000d) 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).
$92,000
9107000
$99.000
term none of the stated answers is correct Not saved