The following estimated regression equation has been propose…
The following estimated regression equation has been proposed to predict sales at a fast food outlet. y = 18 – 2×1 + 7×2 + 15×3 where x1 = the number of competitors within 1 mile x2 = the population within 1 mile (in 1000s) x3 = 1 if drive-up windows are present; 0 otherwise = estimated sales (in $1000s) Predict sales for an outlet with 2 competitors, a population of 10,000 within one mile, and no drive-up window (give the answer in dollars).
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