Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Question 39 2 pts See below the regression output that shows the relationship between number of rooms sold and F&B revenue for the Rock Star

image text in transcribed
image text in transcribed
Question 39 2 pts See below the regression output that shows the relationship between number of rooms sold and F&B revenue for the Rock Star Hotels. F&B managers believes that number of rooms sold is a predictor of F&B revenue. SUMMARY OUTPUT Regression Statistics Multiple R 0.9434 R Square 0.8844 Standard Error 1364.524 Observations 24 Coefficients Standard Error t Stat P-value Intercept 5904 1321.857654 4.46682923 0.00019288 X Variable 1 6.12 0.355509109 8.222081906 3.7357E-08 Rooms director of the Rock Star Hotels estimates that 1,500 rooms will be sold next month. Given that, what is the forecasted F&B revenue next month? $11,850 $18,280 $12,345 $15,084

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Cash And Financial Management Study Text

Authors: Kaplan

1st Edition

9781839960529

More Books

Students also viewed these Accounting questions

Question

b. What groups were most represented? Why do you think this is so?

Answered: 1 week ago