subject
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

ansver
Answers: 2

Another question on Mathematics

question
Mathematics, 20.06.2019 18:04
Writing the simplest form of a fraction means the numerator and the denominator have no common factors other than 1.a. trueb. false
Answers: 2
question
Mathematics, 21.06.2019 21:20
Sam is a waiter at a local restaurant where he earns wages of $5 per hour sam figures that he also eams about $3 in tips for each person he serves sam works 6 hours on a particular day. if n represents the number of people sam serves that day, which of the following functions could sam use to figure ehis total earings for the do o a. en) = 30 o b. en) = 5n+ 18
Answers: 2
question
Mathematics, 21.06.2019 22:00
Rick is driving to his uncles house in greenville,which is 120 miles from ricks town .after covering x miles rick she's a sign stating that greensville is 20 miles away. which equation when solved will give the value of x. a: x+120 = 20 b: x x120 =20 c: x +20 equals 120 d: x x20= 120
Answers: 3
question
Mathematics, 22.06.2019 00:00
Solve 4 ln x=2ln25 a) x=5 b) x=25 c) x=625
Answers: 1
You know the right answer?
Geoff is about to open a restaurant. he has found two possible locations for the restaurant; one cl...
Questions
question
Mathematics, 03.08.2019 22:30
question
Mathematics, 03.08.2019 22:30
Questions on the website: 13722359