The following data relate the sales figures of the bar in Mark Kaltenbachs small bed-and-breakfast inn in
Question:
The following data relate the sales figures of the bar in Mark Kaltenbach’s small bed-and-breakfast inn in Portand, to the number of guests registered that week:
WEEK GUESTS BAR SALES 1 16 $330 2 12 270 3 18 380 4 14 300
a) Perform a linear regression that relates bar sales to guests (not to time).
b) If the forecast is for 20 guests next week, what are the sales expected to be? LOP1
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Operations Management Sustainability And Supply Chain Management
ISBN: 9781292295039
13th Global Edition
Authors: Jay Heizer, Barry Render, Chuck Munson
Question Posted: