The following data relate the sales figures of the barin Mark Kaltenbach’s small bed-and-breakfast inn in Portand, tothe number of guests registered that week:WEEK GUESTS BAR SALES1 16 $3302 12 2703 18 3804 14 300 a) Perform a linear regression that relates bar sales to guests (notto time).b) If the forecast is for 20 guests next week, what are the salesexpected to be? PX
The following data relate the sales figures of the barin Mark Kaltenbach’s small bed-and-breakfast inn in Portand, tothe number of guests registered that week:WEEK GUESTS BAR SALES1 16 $3302 12 2703 18 3804 14 300 a) Perform a linear regression that relates bar sales to guests (notto time).b) If the forecast is for 20 guests next week, what are the salesexpected to be? PX
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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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
expected to be? PX
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