You Are the Owner of a Restaurant Located in a Beach

Multiple Choice

You are the owner of a restaurant located in a beach resort in Hawaii and want to use regression analysis to estimate the demand for your fresh seafood dinners. You have collected data on the daily quantity of seafood dinners sold over the last summer season. In order to correctly specify your regression equation, which of the following variables should be considered?

A) the prices charged for scuba diving excursions at the resort
B) the daily number of vacationers at the resort
C) the wages paid to your chef and servers
D) the prices charged for souvenirs in local stores