Natasha Has Been in Business for a Little Over a Year

question 6

Essay

Natasha has been in business for a little over a year with her Sips and Munchies Coffee Shop where she sells an array of coffees and pastries.She rents a building with a downtown location and manages the business and employees herself.Discuss factors that drive the company's profits.

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Definitions:

Studentized Residuals

Residuals divided by an estimate of their standard deviation, often used in regression analysis to identify outliers.

Least-Squares Regression

A statistical method that fits a regression line to a dataset by minimizing the squares of the differences between observed and predicted values.

Female Employees

Women who are employed by a company, organization, or entity.

Salary

The fixed regular payment, typically paid on a monthly or biweekly basis but often expressed as an annual sum, made by an employer to an employee.