Essay
The following regression model has been proposed to predict sales at a fast food outlet.
a.What is the interpretation of 15 (the coefficient of X3) in the regression equation?
b.Predict sales for a store with 2 competitors, a population of 10,000 within one mile, and one drive-up window (give the answer in dollars).
c.Predict sales for the store with 2 competitors, a population of 10,000 within one mile, and no drive-up window (give the answer in dollars).
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a.Sales of stores with drive-u...View Answer
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