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Pop-up coffee vendors have been popular in the city of Adelaide in 2013. A vendor is interested in knowing how temperature (in degrees Celsius) and number of different pastries and biscuits offered to customers impacts daily hot coffee sales revenue (in $00's).
A random sample of 6 days was taken, with the daily hot coffee sales revenue and the corresponding temperature and number of different pastries and biscuits offered on that day, noted.
Excel output for a multiple linear regression is given below: Test the significance of the overall regression model, at α of 5%.
Sociocultural Factors
External factors including method and style of communications, religions, values and ideologies, education standards, and social structure.
Labor Laws
Regulations governing the relationship between employers and employees, focusing on rights, duties, and standards in the workplace.
Born Global
Companies that engage in international expansion soon after starting in a domestic market.
Natural Resources
Raw materials and components provided by nature that can be utilized for economic gain.
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