You're a manager with the Appetizer. The company owns the chain of restaurants in the United States. Appetizer is looking for an opportunity to expand. As part of the market analysis, you've to send a two-page handout in the Word document to the COO of the company, determining the relationship between the expenditure by people on purchasing food from stores and their expenditure in restaurants. Using the data provided in Doc Sharing area:
• Compute the least squares regression line taking food store expenditure as the independent variable as well as restaurant expenditure as the dependent variable.
• Compute a point estimate and a confidence interval for restaurant expenditure by people in the state whose food store expenditure is $5 billion.