Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Operation Management Expert

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

Week

Guest

Bar Sales

1

16

$330

2

12

270

3

18

380

4

14

300

a) Perform a linear regression that relates bar sales to guests (not to time).

b) If the forecast is for 20 guests next week, what are the sales expected to be?

Operation Management, Management Studies

  • Category:- Operation Management
  • Reference No.:- M92170765

Have any Question?


Related Questions in Operation Management

Renowned economist milton friedman said ldquothere is one

Renowned economist, Milton Friedman said, “there is one and only one responsibility of business: to use its resources and engage in activities designed to increase its profits so long as it stays within the rules of the ...

Company starbuck1 for starbuck company write one corporate

Company StarBuck 1. For Starbuck Company write one corporate aim and one objective within the limitations of the department (customers, time, ethical and legal requirements) 2. Provide details on plans to achieve the obj ...

1 discuss synectics in your own words provide an example of

1. Discuss synectics in your own words. Provide an example of a situation when you would use synectics. 2. At times a person may display what you perceive to be unusual behavior that could affect their problem solving ab ...

1 relate the importance of keeping records2 compare and

1. Relate the importance of keeping records. 2. Compare and contrast receipts and invoices. 3. Briefly describe the difference between cash and accrual methods of record keeping. 4. Briefly discuss the fundamental purpos ...

For the medical device industry please answer the following

For the Medical Device industry, please answer the following questions: •   The total size of your industry •   Trends in the industry – is it growing or shrinking? •   The total size of your target market, and what shar ...

The text defines management as ldquothe art of getting

The text defines management as “The art of getting things done through the efforts of other people.” Based on your own experiences, how would you improve or expand upon the definition of management? What characteristics ...

Read case 63 electronic timing system for olympicsnbspon

Read Case 6.3: Electronic Timing System for Olympics  on pages 275-276 of the textbook.  For this assignment, you will  assess and use the correct support tool to develop a decision tree as described in Part "a" of  Case ...

The life of a phone battery is normally distributed with a

The life of a phone battery is normally distributed with a mean of 1,100 days and a standard deviation of 60 days. Determine the following a. What fraction of batteries is expected to survive beyond 1,200 days b. what fr ...

Gina wants to start her own company where she creates

Gina wants to start her own company where she creates business attire for women. She wants to create a line of products made by women for women. One of her products is a stylish hat that when worn correctly warms the hea ...

1 is it realistic to expect that you can get a realistic

1. Is it realistic to expect that you can get a realistic job preview during the interview process? Why or why not? 2. In your opinion, in recruiting, which is more important to the success of both the hired employee and ...

  • 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

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As