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24 votes
24 votes
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)

User Ben Zittlau
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1 Answer

17 votes
17 votes

Answer:


Sales = 86.749

Explanation:

Given


Sales = 0.845*(competitors) + 5.79*(population) + 13.889


Competitors = 4


Population = 12000

See comment for complete question

Required

The sales

We have:


Sales = 0.845*(competitors) + 5.79*(population) + 13.889

Substitute values for competitors and population


Sales = 0.845*4 + 5.79*12 + 13.889


Sales = 3.38 + 69.48 + 13.889


Sales = 86.749

User Relentless Idiot
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