Making Decisions Based on Demand and Forecasting ECO55 managerial economics & Globalization eye masks pizza is considering entering the grocery store in my community. Today I pass on conduct inquiry about the demographics of Huntsville, AL. By conducting a demand depth psychology and annunciate for pizza, I leave alone be able to make a decision whether Dominos should establish a charge in my community. foremost I will identify whatever of the demographics for Huntsville based on census entropy found by dint of the federal political sympathies census site and the state site as well. other(a) proteans of this report will include actual cost of pizza and soda. Below I turn in listed every(prenominal) the demographic and variable information: * Population size: 182,956[1], 180,105[2] * Persons per sept: 2.31[1] * Average Income per folk: $47,153[1], $54,633[2] * manipulate per large pepperoni pizza (feeds 3-5 people): $12.24[3] * set per soda-2L Coke ©: $2.49[3] * familys: 73,235[2] Household| Persons/Per household (X)| Price/Meal (Y| ------------------------------------------------- pop off of play(xi - MeanX)Bottom of Form| (yi - MeanY)| (xi - MeanX)2| (yi - MeanY)2| (xi - MeanX)(yi - MeanY)Bottom of Form| 1| 3| 30.48| 0.694| -2.448| 0.48| 5.
99| -1.698912| 2| 2| 30.48| 2| 30.48| 4.00| 929.03| 60.96| 3| 3.3| 60.96| 3.3| 60.96| 10.89| 3716.12| 201.168| 4| 1.23| 12.24| 1.23| 12.24| 1.51| 149.82| 15.0552| 5| 2| 30.48| 2| 30.48| 4.00| 929.03| 60.96| SUM| 11.53| 164.64| | | 2 1| 5729.99| 336| MEAN| 2.31| 32.93| | | | ! | | b1: 16 b2: -4.03 Above I have constructed a chart to show sample data of the local anaesthetic demographics. It also provides the data needed for the reversal equation: y = b0 + b1x or in the case of this analysis the equation will be y = -4.03 + 16x. So as an example set of the equation, the independent variable in this data set is Price per Meal (y). Each...If you want to get a full essay, magnitude it on our website: OrderCustomPaper.com
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