Given the following Linear regression model: Profit ($) = -20 + 0.13 *counter Sales ($) + 0.04 * Drive through sales How many extra counter sales are required to increase the profit by 1$, assuming every else is the same (Drive through sales = 200) Select one: a. 7.69 b. 1 c. 0.13 d. None of the above e. 100
Given the following Linear regression model: Profit ($) = -20 + 0.13 *counter Sales ($) + 0.04 * Drive through sales How many extra counter sales are required to increase the profit by 1$, assuming every else is the same (Drive through sales = 200) Select one: a. 7.69 b. 1 c. 0.13 d. None of the above e. 100
Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter4: Equations Of Linear Functions
Section4.6: Regression And Median-fit Lines
Problem 6PPS
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Question
Given the following Linear regression model:
Profit ($) = -20 + 0.13 *counter Sales ($) + 0.04 * Drive through sales
How many extra counter sales are required to increase the profit by 1$, assuming every else is the same (Drive through sales = 200)
Select one:
a. 7.69
b. 1
c. 0.13
d. None of the above
e. 100
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