Question: 4b11. Can someone show me how to do this problem? Will rate a thumb up for good response thank you (Please circle or highlight answers

4b11. Can someone show me how to do this problem?

Will rate a thumb up for good response thank you (Please circle or highlight answers thx)

4b11. Can someone show me how to do this problem?

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: Week Guests Bar Sales 1 16 2 $340 $270 $375 $315 12 18 14 3 4 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)

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!