Mathematics
Mathematics, 28.11.2019 01:31, joshtassler15

Geoff is about to open a restaurant. he has found two possible locations for the restaurant; one closer to the central business district (cbd) and one in the suburbs. geoff is concerned that if he chooses the cbd location, he will have to charge higher prices for his food to cover the higher rent. geoff is uncertain of the affect that this will have on his annual revenue. to with his decision, geoff will carry out a multiple regression analysis to predict the annual revenue earned by restaurants based on their distance from the cbd in miles and the average price in dollars charged for a dish. geoff has collected a sample of 50 restaurants that are randomly spread around the city. the proximity to the cbd (x1i), average price of a dish (x2i) and annual revenues (yi) were recorded for each of these restaurants (i = 1, 2, 50). geoff believes that a multiple linear regression is appropriate for this data. after carrying out some analysis, geoff has noticed that moving one mile away from the cbd (assuming that the average price of a dish is held constant) will result in a decrease of $60,000 in annual revenues. geoff has also noticed that increasing the average price of a dish by $1 (assuming that the distance from the cbd is held constant) will result in an increase of $40,000 in annual revenues. the data shows that a restaurant at the center of the cbd that gave away its food for free would have an annual loss of $20,000. select the multiple linear regression equation that corresponds to geoff's analysis: y^i = -20,000 + 40,000x1i - 60,000x2i y^i = 20,000 + 60,000x1i - 40,000x2i y^i = 20,000 - 40,000x1i + 60,000x2i y^i = -20,000 - 60,000x1i + 40,000x2i

answer
Answers: 2

Other questions on the subject: Mathematics

image
Mathematics, 21.06.2019 20:00, Broov
Does anyone know how to solve and graph this: 4 + | a + 2 | < 7the only part i don't get is the "4 +"
Answers: 2
image
Mathematics, 21.06.2019 20:30, asdfjk6421
2/3(-6y+9x) expand each expression using the distributive property
Answers: 3
image
Mathematics, 21.06.2019 21:00, xojade
The measure of angle 0 is 600 degrees
Answers: 1
image
Mathematics, 21.06.2019 21:30, bm42400
Mario is constructing a frame for 10 in. by 8 in. photo. he wants the frame to be the same with all the way around in the same area of the frame and photo to be 120 square inches what is the dimension of the frame?
Answers: 1
Do you know the correct answer?
Geoff is about to open a restaurant. he has found two possible locations for the restaurant; one cl...

Questions in other subjects:

Konu
Mathematics, 03.08.2019 12:30