Answered step by step
Verified Expert Solution
Question
1 Approved Answer
qqq2 You may need to use the appropriate appendix table or technology to answer this question. Many small restaurants in Portland, Oregon, and other cities
qqq2
You may need to use the appropriate appendix table or technology to answer this question. Many small restaurants in Portland, Oregon, and other cities across the United States do not take reservations. Owners say that with smaller capacity, noshows are costly, and they would rather have their staff focused on customer service rather than maintaining a reservation system.T However, it is important to be able to give reasonable estimates of waiting time when customers arrive and put their name on the waiting list. The file RestaurantLine contains 10 observations of number of people in line ahead of a customer (independent variable X) and actual waiting time (in minutes) (dependent variable y). The estimated regression equation is: )7 = 4.35 + 8.81)( and MSE = 94.42. (a) Develop a point estimate (in min) for a customer who arrives with six people on the wait-list. (Round your answer to two decimal places.) v*=x min (b) Develop a 95% condence interval for the mean waiting time (in min) for a customer who arrives with six customers already in line. (Round your answers to two decimal places.) x ......_x (c) Develop a 95% prediction interval for Roger and Sherry Davy's waiting time (in min) if there are six customers in line when they arrive. (Round your answers to two decimal places.) 1.224 x min to min (d) Discuss the difference between part (b) and part (c). The prediction interval is much v than the condence interval. This is because it is v difcult to predict the waiting time for an individual customer arriving with six people in line than it is to estimate the mean waiting time for a customer arriving with six people in line.Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started