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QUESTION
An innovative restaurateur owns and operates a dozen Ultimate Low-Carb restaurants in northern Arkansas. His signature item is a cheese-encrusted...
An innovative restaurateur owns and operates a dozen Ultimate Low-Carb restaurants in northern Arkansas. His signature item is a cheese-encrusted beef medallion wrapped in lettuce. Sales (X, in millions of dollars) is related to Profits (Y, in hundreds of thousands of dollars) by the regression equation Y = 8.21 + 0.76 X. What is your forecast of profit for a store with sales of $40 million? $50 million?
