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    Correlation/Regression Analysis

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    Sales Number of Units
    Chain ($billions) (1,000)
    -------------------------------------------------
    McD's 17.1 12.4
    Burger King 7.9 7.5
    Taco Bell 4.8 6.8
    Pizza Hut 4.7 8.7
    Wendy's 4.6 4.6
    KFC 4.0 5.1
    Subway 2.9 11.2
    Dairy Queen 2.7 5.1
    Hardee's 2.7 2.9
    -------------------------------------------------

    For the above data, do a correlation and regression analysis to predict restaurant chain sales by its number of units. Also do a scatter diagram.

    Explain the hypothesis testing procedure to test whether or not a relationship exists. Do all 5 topics in conjunction with the 5-step hypothesis testing procedure and use a .05 level of significance.

    © BrainMass Inc. brainmass.com October 9, 2019, 6:18 pm ad1c9bdddf
    https://brainmass.com/statistics/regression-analysis/correlation-regression-analysis-84842

    Solution Summary

    Solution attaches an Excel and Word document to perform regression and correlation analyses on the given data and explain the steps to testing a hypothesis about restaurant chain units.

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