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Question
An innovative restaurateur owns and operates a dozen "Ultimate Low-Carb" restaurants in northern Arkansas. His signature item is a cheese-encrusted beef medallion wrapped in lettuce. Sales (x, in millions of dollars) is related to Profits (y-hat, in hundreds of thousands of dollars) by the regression equation y-hat = 8.21 + 0.76 x. What is your forecast of profit for a store with sales of $40 million? $50 million?
Answer
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Related questions
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Q:
Weight Day
Package 1
Package 2
Package 3
Package 4 Monday
23
22
23
24 Tuesday
23
21
19
21 Wednesday
20
19
20
21 Thursday
18
19
20
19 Friday
18
20
22
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Answer:
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