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A coffee shop chain wants to predict daily revenue ($) based…

Posted byAnonymous June 19, 2026

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A cоffee shоp chаin wаnts tо predict dаily revenue ($) based on foot traffic (number of customers per day). Simple linear regression was run on 60 days of data. Below is the summarized output. Variable Coefficient p-value Intercept 142.50 0.031 Foot Traffic (customers/day) 4.75 0.0000 The store manager asks: "What does the intercept of 142.50 mean in plain business terms?"

Tags: Accounting, Basic, qmb,

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