1 the managers of the ada hotel forecast the breakfast, Ask an Expert

Management Studies

1. The managers of the Ada Hotel forecast the breakfast covers based on number of guest rooms. Following table presents the number of rooms sold and breakfast covers for the past year, 2017.

Room Guests Breakfast Covers

January 1,200 1,400

February 1,020 1,220

March 1,250 1,420

April 1,100 1,320

May 1,380 1,520

June 1,400 1,580

July 1,520 1,650

August 1,550 1,690

September 1,450 1,400

October 1,210 1,380

November 1,080 1,240

December 1,050 1,220

Required:

1. Determine the coefficient of correlation and coefficient of determination for the Ada Hotel based on the data presented above. Comment on the strength of the relationship between room guests and breakfast covers.

2. Determine a regression equation for forecasting breakfast covers based on the number of room guests.

3. If 1,620 room guests are forecasted for next January, how many breakfast customers are forecasted to be served?

Note: You need to use MS Excel’s regression function to answer these questions. Please attach your regression output (Summary Output) to your submission.

View complete question

Operation Management, Management Studies

Category:- Operation Management
Reference No.:- M93137155

Have any Question?Write your Review or question?

Related Questions in Operation Management

1 what solutions exist to improve the inequality

1. What solutions exist to improve the inequality experienced by women workers? 2. How and why do cultural factors consign many women to some of the worst jobs in the global economy? 3. Discuss the purpose of primary car ...

So the question is how my company or organization is

So, the question is how my company or organization is designed to handle these processes and systems from a management perspective as far as dealing with the enterprise and management support systems. Well to be honest w ...

1 what major foregin market does kroger serve and what mode

1. What major foregin market does Kroger serve, and what mode has it used to enter this market? why is Kroger active in these markets and not others? what are the advantages and disadvantages of using this mode? Might an ...

1 if you had to create a global code of conduct for your

1. If you had to create a global code of conduct for your company, what would you include in that process and which core values would you state? 2. Is usually delegated to members of a company's board of directors so as ...

1 which of the following is a disadvantage of using email1

1. Which of the following is a disadvantage of using email? 1. Email allows for instantaneous responses. 2. Email messages can include emoticons for added depth of meaning. 3. Email allows users to be selective about who ...

Sociology the core 8th editionauthor hugheschapter 1 and

Sociology: The Core 8th edition Author: Hughes Chapter 1 and 2 Laying the Groundwork for Sociological Research: In a post of between 150 and 250 words, respond to the following discussion: First, start with a very brief ...

For the economic order size determined in a previous

For the Economic Order Size determined in a previous question 1(48.0 lbs), determine: (Hint: total cost has two terms such as fixed ordering cost and holding cost) Days of Operation= 365 days D= Demand Per Year= 2,000 po ...

1 using age to determine how to market a product to a

1. Using Age to determine how to market a product to a consumer is called? Identity Marketing Target Marketing Exceptional Marketing None of the above 2. The process of ensuring that the organization has the right kinds ...

1 our discussion is how you design your work or your teams

1. Our discussion is how you design your work or your teams work hence your target will be accomplished. 2. We can share each other design and if we have any difficulty in designing a job, perhaps we could help each ot ...

1 what is the right tone for persuasive messages2 assume

1. What is the right tone for persuasive messages? 2. Assume you are the logistics vice president for a major airline seeking to expand its international operations. What factors would you consider when determining where ...

4,153,160 Questions Asked
13,132 Experts
2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Recent Questions

Ask Operation Management Expert