Essay
An innovative restaurateur owns and operates a dozen "Ultimate Low-Carb" restaurants in northern Arkansas. His signature item is a cheese-encrusted beef medallion wrapped in lettuce. Sales (x, in millions of dollars) are related to Profits (y-hat, in hundreds of thousands of dollars) by the regression equation y-hat = 7.21 + 1.76 x. What is your forecast of profit for a store with sales of $10 million? $30 million?
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