Given the new regression model, which of the following statements is true? As the number of retail stands increases by one, the daily revenue increases by $2,298.36 on average. As the number of retail stands increases by one, the daily revenue increases by $2,298.36 on average, provided that the number of female visitors and food stands remains constant. As the number of female visitors increases by ten, the daily revenue increases by $29.34 on average. As the number of female visitors increases by ten, the daily revenue increases by $29.34 on average, provided that the number of retail stands and food stands remains constant.

Question

27-07-2021
Mathematics

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Given the new regression model, which of the following statements is true? As the number of retail stands increases by one, the daily revenue increases by $2,298.36 on average. As the number of retail stands increases by one, the daily revenue increases by $2,298.36 on average, provided that the number of female visitors and food stands remains constant. As the number of female visitors increases by ten, the daily revenue increases by $29.34 on average. As the number of female visitors increases by ten, the daily revenue increases by $29.34 on average, provided that the number of retail stands and food stands remains constant.

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Munali Munali · Answer 1 · 2021-07-29T09:57:47+02:00

Answer:

As the number of retail stands increase by one, the daily revenue increases by $2,298.36 on average, provided that the number of female visitors and food stands remains constant.

Step-by-step explanation:

This is gross relationship of regression model, multiple regression model describes net relationship. The net effect on number of retail stands on daily revenue. The average increase in daily revenue as the number of retail stands increases by one while other variables remains constant.