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Decision Theory

Solve the following problem:

The number of sandwiches sold at a shop near a University varies by day of the week. The number of students attending class also varies by day of the week, as the following table indicates. The University will soon include a full Saturday schedule, and it believes 1,500 students will attend those Saturday classes. Using the regression method, forecast the number of sandwiches the shop will sell if it is open on Saturday. Show your work.

Day Sandwiches sold Students attending class

Monday 90 2,000

Tuesday 109 2,400

Wednesday 100 2,100

Thursday 114 2,500

Friday 86 1,700

Saturday ? 1,500

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Operation Management, Management Studies

Category:- Operation Management
Reference No.:- M91629320

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