Question #2005210: Analysis of Variance (ANOVA)


Question: (25 points) Arnold Tofu owns and operates a chain of 12 vegetable protein “hamburger” restaurants in northern Louisiana. Sales figures and profits for the stores are in the table below. Sales are given in millions of dollars; profits are in hundred of thousands of dollars. Calculate a regression line for the data. What is your forecast (sales is independent variable) of profit for a store with sales of $24 million? $30 million?

Store Profits Sales
1 14 6
2 11 3
3 15 5
4 16 5
5 24 15
6 28 18
7 22 17
8 21 12
9 26 15
10 43 20
11 34 14
12 9 5

Solution: The solution consists of 228 words (2 pages)
Deliverables: Word Document

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