The Manager of a Fast Food Restaurant Wants to Determine

question 216

Essay

The manager of a fast food restaurant wants to determine how sales in a given week are related to the number of discount vouchers (#) printed in the local newspaper during the week. The number of vouchers and sales ($000s) from 10 randomly selected weeks is given below with Excel regression output. $$\begin{array} { | c | c | } \hline \text { Number of vouchers } & \text { Sales } \\\hline 4 & 12.8 \\\hline 7 & 15.4 \\\hline 5 & 13.9 \\\hline 3 & 11.2 \\\hline 19 & 18.7 \\\hline 10 & 17.9 \\\hline 8 & 16.8 \\\hline 6 & 15.9 \\\hline 3 & 11.5 \\\hline 5 & 13.9 \\\hline\end{array}$$ Use the regression equation to determine the predicted sales for number of vouchers in the sample,
given, Estimated Sales = 11.5676 + 0.4618.Vouchers

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Definitions:

Fortune Magazine

An American international business magazine, published and owned by Time Inc., known for its ranked lists and business news.

Psychological Deficiencies

Lacks or insufficiencies in psychological functioning that can impact an individual's mental health or well-being.

Physiological

Relating to the functions and processes of the body's systems and organs.

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Relating to society or its organization, including interactions and relationships among individuals.