a) The simple linear regression

LOADING...

equation that relates bar sales to number of guests (not to time) is (round your responses to one decimal place):

Bar Sales =

aa

+

bbguests

b) If the forecast is

24

guests next week, the bar sales are expected to be

$nothing

(round your response to one decimal place).

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 12 AWN $330 $265 $380 $315 18 14 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 = a + b guests b) If the forecast is 24 guests next week, the bar sales are expected to be $ (round your response to one decimal place)