Linear Modelingeasy
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A company has two stores. Store A's daily profit (in hundreds of dollars) versus number of customers is: y^A=0.15x+8\hat{y}_A = 0.15x + 8. Store B's equation is y^B=0.15x+12\hat{y}_B = 0.15x + 12. Which statements are true? (i) The regression lines are parallel; (ii) Store B has higher baseline profit; (iii) Both stores have the same profit rate per customer.