Making Decisions Based on Demand and Forecasting ECO55 managerial economics & Globalization half 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 analytic thinking and annunciate for pizza, I allow for be able to make a decision whether Dominos should establish a charge in my community. premier I will identify whatever of the demographics for Huntsville based on census information found by dint of the federal regimen census site and the state site as well. separate variants 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 family: $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] * rest homes: 73,235[2] Household| Persons/Per household (X)| Price/Meal (Y| ------------------------------------------------- pop off of manikin(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 | | | 21| 5729.99| 336| MEAN| 2.31| 32.93|! | | | | | b1: 16 b2: -4.03 Above I have constructed a chart to show sample information of the local anaesthetic demographics. It also provides the data needed for the arrested development 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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