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vlabodo
14 days ago
6

The management of a chain electronic store would like to develop a model for predicting the weekly sales (in thousands of dollar

s) for individual stores based on the number of customers who made purchases. A random sample of 12 stores yields the following results:
Customers | Sales (Thousands of Dollars)
907 | 11.2
926 | 11.05
713 | 8.21
741 | 9.21
780 | 9.42
898 | 10.08
510 | 6.73
529 | 7.02
460 | 6.12
872 | 9.52
650 | 7.53
603 | 7.25

(a) Estimate a linear regression. What are the values of the estimated intercept and slope? Show how you obtain your answer.

Business
1 answer:
stepan [3K]14 days ago
4 0

Answer

The solutions and explanations for the exercise are included in the corresponding documents attached.

Explanation

You will find the necessary procedures, formulas, or explanations in the documents provided below. Feel free to ask if you have any questions so I can clarify your doubts kindly.

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The Bella Capri runs as an Italian restaurant that specializes in freshly prepared cooked meals. It is located in premises on a
Scilla [3249]

Answer:

The result is $1000.

Explanation:

Fixed costs are defined as expenses that remain unchanged regardless of the services provided or goods produced.

Following this definition, we can determine that the price of $16 per meal and the $4 ingredient costs are not considered fixed costs. Other expenses like lighting, heating, and fuel fluctuate according to utilization and therefore are variable.

However, the other costs mentioned in the query can be classified as fixed costs since they do not vary with the number of customers or the quantity of food prepared.

Thus, the weekly fixed costs for Bella Capri amount to $250 + $150 + $600 = $1000.

I hope this clarifies your question.

6 0
1 month ago
In a economy, it is harder to find sponsors willing to pay for premium sponsorship opportunities
arsen [2965]
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18 days ago
In a team that follows agile, how would a team member know what others are working on? 1. The Product Owner and the Facilitator
Free_Kalibri [3151]

Answer:

Option 3 is the correct choice.

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The other options presented do not correspond with the specified scenario. Thus, Option 3 is the superior selection.

8 0
1 month ago
When the first Pizza Hut opened its doors back in 1958, it offered consumers one style of pizza: its Original Thin Crust Pizza.
Scilla [3249]

Answer:

Monopolistic competition.

Explanation:

This market structure known as monopolistic competition arises when multiple businesses provide similar products that cannot be seen as perfect substitutes for one another. In this setting, numerous sellers vie for a superior market position within a specific product or industry. This form of monopolistic competition features unrestricted entry for new firms, heightening the level of competition as companies strive for consumer preference.

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45.7mL/s to kL/hr convert
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15 days ago
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