[See Steps] Management proposed the following regression model to predict sales at a fast -food outlet. Y = 0+ 1x1+ 2x2+ 3x3+E Where: x1 = number of competitors
Question: Management proposed the following regression model to predict sales at a fast –food outlet.
Y =
0+
1x1+
2x2+
3x3+E
Where: 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 regression was developed after 20 oulets were surveyed.
^y=10.1 -4.2x+6.8x2+15.3x3
What is the expected amount of sales attributed to the drive-up window?
Predict sales for the store with two competitors, population of 8000 within one mile, and no drive-up window.
B. Predict sales for a store with two competitors, a population of 8000 within one mile, and no drive –up window
c. Predict sales for a store with one competitor, population of 3000 within one mile, and a drive-up window.
Deliverable: Word Document 
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