Question: My current plugged in information May be wrong, Thanks for helping! The following data relate to sales figures of the bar in Sheraton hotel in

My current plugged in information May be wrong, Thanks for helping!

My current plugged in information May be wrong,

The following data relate to sales figures of the bar in Sheraton hotel in Maui, Hawaii to the number of guests registered for last eight days. The operations manager of Sheraton is trying to build a regression model to help predict bar sales on the basis of number of guests. 1 2 3 4 5 6 7 8 Days Bar sales (in $ thousands) Number of Guests 9 10 15 9 11 13 13 16 150 172 197 175 185 202 208 226 a) Using the given data, the least-squares regression equation for predicting the bar sales is (round your responses to two decimal places): y = 93.135 + 8.02 X where = Estimated Dependent Variable and x = Independent Variable. b) The coefficient of correlation for the least-squares regression model = (round your response to two decimal places. For the least-squares model, the standard error of the estimate = 5 (round your response to two decimal places)

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