Arnold Tofu owns and operates a chain of 12 vegetable protein "hamburger" restaurants in northern Louisiana. Sales figures and profits for the stores are in the table below. Sales are given in millions of dollars; profits are in hundreds of thousands of dollars. Calculate a regression line for the data. What is your forecast of profit for a store with sales of $24 million? $30 million?
Definitions:
Personalization
The consumer-initiated practice of generating content on a marketer’s website that is custom tailored to an individual’s specific needs and preferences.
Customization
The action of modifying something to suit a particular individual's needs, preferences, or requirements.
User-generated Content
Content created and shared by consumers or users of a platform, rather than the platform's owners or advertisers.
Marketer-generated Content
Content created by marketers or businesses aimed at engaging customers, promoting products, or building brand identity.
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