Comparing revenue An entrepreneur owns two filling stations—one at an inner city location and the other at an interstate exit location. He wants to compare the regressions of y = total daily revenue on x = number of customers who visit the filling station, for total revenue listed on a daily basis at the inner city location and at the interstate exit location. Explain how you can do this using regression modeling
a. With a single model, having an indicator variable for location that assumes the slopes are the same for each location.
b. With separate models for each location, permitting the slopes to be different.
Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.
You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.
Read moreEach paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.
Read moreThanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.
Read moreYour email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.
Read moreBy sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.
Read more