The following data relate the sales figure of the bar in Mark Kaltenbach's small bed- and -breakfast inn in portland, to the number of guest registered that week:                    week      guests    bar sales                      1             16               $320                      2              12               $265                       3             18                $390                       4              14                $315 a) the simple linear equation that relates bar sales to the number of guests ( not totime) is (round your response to one decimal place) Bar sales=[__]+[__]X guest

Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter8: Evolutionary Solver: An Alternative Optimization Procedure
Section8.6: Fitting An S-shaped Curve
Problem 9P
icon
Related questions
Question

The following data relate the sales figure of the bar in Mark Kaltenbach's small bed- and -breakfast inn in portland, to the number of guest registered that week:

                   week      guests    bar sales

                     1             16               $320

                     2              12               $265

                      3             18                $390

                      4              14                $315

a) the simple linear equation that relates bar sales to the number of guests ( not totime) is (round your response to one decimal place)

Bar sales=[__]+[__]X guest

Expert Solution
Step 1

Bar Sales = 37.5 + 19.0 Guests

Operations Management homework question answer, step 1, image 1

trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps with 2 images

Blurred answer
Knowledge Booster
Forecasting
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, operations-management and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Practical Management Science
Practical Management Science
Operations Management
ISBN:
9781337406659
Author:
WINSTON, Wayne L.
Publisher:
Cengage,