Maria3737
Maria3737
18.02.2020 • 
Mathematics

Corporate headquarters wants to create a simple linear regression model to predict a restaurant's annual revenue using the average cost of gasoline. First create a scatterplot using Average Cost of Gasoline as the independent variable and Annual Revenue as the dependent variable. After performing a visual analysis of the scatterplot, if appropriate, construct a simple linear regression model using the average cost of gasoline to predict a restaurant's annual revenue. Using your simple linear regression model, for every one-cent increase in the cost of a gallon of gasoline, how much would one predict the restaurant's annual revenue to decrease?

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