Simple linear regression equation

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Reference no: EM132910447

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

Week Guests Bar Sales

1 16 $320
2 12 $265
3 18 ?$380
4 14 $300

?a) The simple linear regression equation that relates bar sales to number of guests? (not to? time) is ?(round your responses to one decimal? place):

Bar Sales? = ___ + ___ x guests

?b) If the forecast is 24 guests next? week, the bar sales are expected to be ?$___? (round your response to one decimal? place).

Reference no: EM132910447

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