ECO55 Managerial economics & Globalization
Dominos 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 analysis and annunciate for pizza, I will be able to make a decision whether Dominos should establish a charge in my community.
First I will identify whatever of the demographics for Huntsville based on census data found by dint of the federal government census site and the state site as well. Other variables 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 household: $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]
* Households: 73,235[2]
Household| Persons/Per household (X)| Price/Meal (Y| -------------------------------------------------
pop off of Form(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 data of the local anaesthetic demographics. It also provides the data needed for the regression 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: Orderessay
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