7 <Question 21 of 34>The following data relate the sales figures of the bar in Mark Kaltenbach's small bed-and-breakfast inn in Portland, to the number of guests registered that week:Week1234Guests16121814Bar Sales$340$270$380$315Bar Sales = +7,a) The simple linear regression equation that relates bar sales to number of guests (not to time) is (round your responses to one decimal place):x guestsb) If the forecast is 20 guests next week, the bar sales are expected to be $ (round your response to one decimal place).sibleS

WeekGuestsBar sales116340212270318380414315Here x would be the guests, the independent variable, and…

Answered: a) The simple linear regression…

Practical Management Science

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Author:WINSTON, Wayne L.

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Chapter2: Introduction To Spreadsheet Modeling

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Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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a) The simple linear regression equation that relates bar sales to number of guests (not to time) is (round your responses to one decimal place): Bar Sales = + x guests b) If the forecast is 20 guests next week, the bar sales are expected to be $ (round your response to one decimal place).