Management Proposed the following progression model to predi

Management Proposed the following progression model to predict sales at a fast-food outlet. Y = beta1 + beta1X1 + beta2X2 + beta3X3 + epsilon X1 = number of competitors within one mile X2 = population within one mile(1000s) X3 = (1 if drive-up window present 0 otherwise) Y = sales(1000s) The following estimated progression equation was developed after 20 cutlets were surveyed. Y = 10.1 - 4.2X1 + 6.8X2 + 15.3X3 What is the executed amount of sales attributable to the drive-up window? Predict sales for a store with two competitors, a population of 8000 within one mile, and no drive-up window. Predict sales for a store with one competitor, a population of 3000 within one mile, and a drive-up window.

Solution

 Management Proposed the following progression model to predict sales at a fast-food outlet. Y = beta1 + beta1X1 + beta2X2 + beta3X3 + epsilon X1 = number of co

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