What is the effect on estimated weekly sales of adding

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Reference no: EM133372332

Question: Data was collected in order to investigate the possible relationship between weekly sales ($) and density limits (i.e., number of chairs allowed) in a beachside restaurant throughout the COVID pandemic. An employee at the restaurant undertook some analysis and provided the Excel Regression output below: a) Comment on the relationship between estimated weekly sales ($) and the number of chairs. In your answer, you need to specify both the direction and strength of the relationship (Make sure you refer to a regression statistic from the Excel output in order to justify your reference to the latter). b) What is the effect on estimated weekly sales ($) of adding one extra chair? c) Forecast the estimated weekly sales ($) if 50 chairs are allowed in the restaurant.

Reference no: EM133372332

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