You are the CEO of Big Grocery

Updated: 07/15/2019 12:06pmYou are the CEO of Big Grocery. Your company is planning on expanding into new markets. Asa part of this endeavor you are…

Updated: 07/15/2019 12:06pmYou are the CEO of Big Grocery. Your company is planning on expanding into new markets. Asa part of this endeavor you are expected to make decisions on things such as store size, locationand management. To help you make this decision you ask a subordinate (its good to be the CEO)to compile some data for you to help with making your decision. The data is outlined in the Part1 document and is copied below.The key question that we want to address is how do you decide on the management choice foryour new store? You have several managers which were introduced in Part 1. You need to decidewho to promote to the position of management for the new store.Assume you are going to pick one of your current managers take over the new store. Use MLRto estimate the manager’s impact on revenue after controlling for the other important variablesfor which you have data. Justify your estimate, and make a decision on who to promote in yourdocument.Table 1: Revenue collected from individual Big Grocery stores, by locationUpdated: 07/15/2019 12:06pmTable 2: Big Grocery store square footage, by locationUpdated: 07/15/2019 12:06pmTable 3: Big Grocery surrounding customer population, by location

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