subject
English, 16.04.2020 17:02 tdluong157

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 help 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

ansver
Answers: 3

Another question on English

question
English, 22.06.2019 03:10
Could someone me with this question?
Answers: 1
question
English, 22.06.2019 05:00
What is a mechanism by which organisms maintain homeostasis when the level of one substance influences the level of another substance or the activity of an organ.
Answers: 1
question
English, 22.06.2019 05:00
Which one of these lines use him to permitte which one of these lines uses iambic pentameter?
Answers: 1
question
English, 22.06.2019 05:00
Award brainliest and five starsthe purpose of king’s letter is to cause races to have to fight
Answers: 1
You know the right answer?
Geoff is about to open a restaurant. He has found two possible locations for the restaurant; one clo...
Questions
question
Mathematics, 06.05.2020 00:36
question
Mathematics, 06.05.2020 00:36
question
Mathematics, 06.05.2020 00:36
question
Mathematics, 06.05.2020 00:36
question
Chemistry, 06.05.2020 00:36
question
Mathematics, 06.05.2020 00:36
question
Mathematics, 06.05.2020 00:36