Required information Problem 5-68 (Static) Cost Estimation: Simple and Multiple Regression Using a Spreadsheet (Appendix A) (LO 5-4, 5, 6, 9) [The following information applies to the questions displayed below.] Davis Stores sells clothing in 15 stores located around the southwestern United States. The managers at Davis are considering expanding by opening new stores and are interested in estimating costs in potential new locations. They believe that costs are driven in large part by store volume measured by revenue. During a discussion, one of the managers suggests that number of employees might be better at explaining cost than store revenues. As a result of that suggestion, managers collected the following information from last year's operations (revenues and costs in thousands of dollars): Store Costs Employees Revenues 101$ 4,214 102 2,894 103 5,181 3,998 3,676 104 105 106 3,319 107 5,029 108 2,374 109 4,688 110 2,959 4,179 3, 200 2,556 4,655 2,986 111 112 113 114 115 39$ 29 47 38 33 38 54 26 44 35 37 41 35 42 28 Problem 5-68 (Static) Part e 4,100 2,227 5,738 3,982 2,914 4,023 6,894 1,779 5,416 3,228 3,886 4,690 3,552 4,817 2,124 e-1. Enter the regression coefficients. e-2. Estimate the cost of a store with revenues of $2.5 million and 30 employees using the results of a multiple regression of store costs on store revenues and employees.
Required information Problem 5-68 (Static) Cost Estimation: Simple and Multiple Regression Using a Spreadsheet (Appendix A) (LO 5-4, 5, 6, 9) [The following information applies to the questions displayed below.] Davis Stores sells clothing in 15 stores located around the southwestern United States. The managers at Davis are considering expanding by opening new stores and are interested in estimating costs in potential new locations. They believe that costs are driven in large part by store volume measured by revenue. During a discussion, one of the managers suggests that number of employees might be better at explaining cost than store revenues. As a result of that suggestion, managers collected the following information from last year's operations (revenues and costs in thousands of dollars): Store Costs Employees Revenues 101$ 4,214 102 2,894 103 5,181 3,998 3,676 104 105 106 3,319 107 5,029 108 2,374 109 4,688 110 2,959 4,179 3, 200 2,556 4,655 2,986 111 112 113 114 115 39$ 29 47 38 33 38 54 26 44 35 37 41 35 42 28 Problem 5-68 (Static) Part e 4,100 2,227 5,738 3,982 2,914 4,023 6,894 1,779 5,416 3,228 3,886 4,690 3,552 4,817 2,124 e-1. Enter the regression coefficients. e-2. Estimate the cost of a store with revenues of $2.5 million and 30 employees using the results of a multiple regression of store costs on store revenues and employees.
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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Mk. 220.
![Required information
Problem 5-68 (Static) Cost Estimation: Simple and Multiple Regression Using a Spreadsheet (Appendix
A) (LO 5-4, 5, 6, 9)
[The following information applies to the questions displayed below.]
Davis Stores sells clothing in 15 stores located around the southwestern United States. The managers at Davis are
considering expanding by opening new stores and are interested in estimating costs in potential new locations. They
believe that costs are driven in large part by store volume measured by revenue. During a discussion, one of the
managers suggests that number of employees might be better at explaining cost than store revenues. As a result of that
suggestion, managers collected the following information from last year's operations (revenues and costs in thousands of
dollars):
Store Costs Employees Revenues
101$ 4,214
102
2,894
103
5,181
3,998
3,676
104
105
106
3,319
107
5,029
108
2,374
109 4,688
110
2,959
4,179
3, 200
2,556
4,655
2,986
111
112
113
114
115
39$
29
47
Problem 5-68 (Static) Part e
Req E1
38
33
38
54
26
44
35
37
41
35
42
28
Req E2
Intercept
Revenues
Employees
4,100
2,227
5,738
3,982
2,914
4,023
6,894
1,779
5,416
3,228
e-1. Enter the regression coefficients.
e-2. Estimate the cost of a store with revenues of $2.5 million and 30 employees using the results of a multiple regression of store
costs on store revenues and employees.
3,886
4,690
3,552
Complete this question by entering your answers in the tabs below.
4,817
2,124
Enter the regression coefficients. (Round "Intercept" and "Employees" to 1 decimal place and "Revenues" to 2 decimal places.
Negative amounts should be indicated by a minus sign.)
< Req E1
Req E2 >](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F44848e06-09a0-41bd-943d-bed0d97baaf3%2F50cac772-a995-41f1-8a37-5b48bcbbdb63%2Ftuttafs_processed.png&w=3840&q=75)
Transcribed Image Text:Required information
Problem 5-68 (Static) Cost Estimation: Simple and Multiple Regression Using a Spreadsheet (Appendix
A) (LO 5-4, 5, 6, 9)
[The following information applies to the questions displayed below.]
Davis Stores sells clothing in 15 stores located around the southwestern United States. The managers at Davis are
considering expanding by opening new stores and are interested in estimating costs in potential new locations. They
believe that costs are driven in large part by store volume measured by revenue. During a discussion, one of the
managers suggests that number of employees might be better at explaining cost than store revenues. As a result of that
suggestion, managers collected the following information from last year's operations (revenues and costs in thousands of
dollars):
Store Costs Employees Revenues
101$ 4,214
102
2,894
103
5,181
3,998
3,676
104
105
106
3,319
107
5,029
108
2,374
109 4,688
110
2,959
4,179
3, 200
2,556
4,655
2,986
111
112
113
114
115
39$
29
47
Problem 5-68 (Static) Part e
Req E1
38
33
38
54
26
44
35
37
41
35
42
28
Req E2
Intercept
Revenues
Employees
4,100
2,227
5,738
3,982
2,914
4,023
6,894
1,779
5,416
3,228
e-1. Enter the regression coefficients.
e-2. Estimate the cost of a store with revenues of $2.5 million and 30 employees using the results of a multiple regression of store
costs on store revenues and employees.
3,886
4,690
3,552
Complete this question by entering your answers in the tabs below.
4,817
2,124
Enter the regression coefficients. (Round "Intercept" and "Employees" to 1 decimal place and "Revenues" to 2 decimal places.
Negative amounts should be indicated by a minus sign.)
< Req E1
Req E2 >
Transcribed Image Text:Problem 5-68 (Static) Part e
e-1. Enter the regression coefficients.
e-2. Estimate the cost of a store with revenues of $2.5 million and 30 employees using the results of a multiple regression of store
costs on store revenues and employees.
Complete this question by entering your answers in the tabs below.
Req E1
Req E2
Estimate the cost of a store with revenues of $2.5 million and 30 employees using the results of a multiple regression of store
costs on store revenues and employees. (Round "Intercept" and "Employees" to 1 decimal place and "Revenues" to 2 decimal
places in the intermediate calculations. Round your final answers to 1 decimal place.)
Store cost
< Req E1
Req E2 >
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