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Suppose the sales (1000s of $) of a fast food restaurant are a linear function of the number of competing outlets within a 5 mile radius and the population (1000s of people) within a 1 mile radius. The regression equation quantifying this relation is (sales)

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MrRoyal

Answer:

[tex]Sales = 86.749[/tex]

Step-by-step explanation:

Given

[tex]Sales = 0.845*(competitors) + 5.79*(population) + 13.889[/tex]

[tex]Competitors = 4[/tex]

[tex]Population = 12000[/tex]

See comment for complete question

Required

The sales

We have:

[tex]Sales = 0.845*(competitors) + 5.79*(population) + 13.889[/tex]

Substitute values for competitors and population

[tex]Sales = 0.845*4 + 5.79*12 + 13.889[/tex]

[tex]Sales = 3.38 + 69.48 + 13.889[/tex]

[tex]Sales = 86.749[/tex]

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