The Manager of a Fast Food Restaurant Wants to Determine

question 111

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. $$\begin{array} { | c | c | } \hline \text { Number of vouchers } & \text { Sales } \\\hline 4 & 12.8 \\\hline 7 & 15.4 \\\hline 5 & 13.9 \\\hline 3 & 11.2 \\\hline 19 & 18.7 \\\hline 10 & 17.9 \\\hline 8 & 16.8 \\\hline 6 & 15.9 \\\hline 3 & 11.5 \\\hline 5 & 13.9 \\\hline\end{array}$$ $\begin{array}{|l|c|c|c|c|c|c|}\hline \text { SUMMARY OUTPUT }\\\hline \text { Regression Statistics } & \\\hline \text { Multiple R } & 0.8524 \\\hline \text { R Square } & 0.7267 \\\hline \text { Adjuted R Square } & 0.6925 \\\hline \text { Standard Error } & 1.4301 \\\hline \text { Observations } & 10.0000 \\\hline\\\hline\text { ANOVA }\\\hline & & & & & \text { Sgnificance } \\& d f & S S & M S & F & F \\\hline \text { Regression } & 1.0000 & 43.4982 & 43.4982 & 21.2682 & 0.0017 \\\hline \text { Residual } & 8.0000 & 16.3618 & 2.0452 & & \\\hline \text { Total } & 9.0000 & 59.8600 & & & \\\hline\\\hline & \text { Coefficients } & \begin{array}{c}\text { Standard } \\\text { Error }\end{array} & \text { t Stat } & \text { P-value } & \text { Lower 95\% } & \begin{array}{c}\text { Upper } \\95 \%\end{array} \\\hline \text { Interoept } & 11.5676 & 0.8341 & 13.8679 & 0.0000 & 9.6441 & 13.4912 \\\hline \text { Number of voudhers } & 0.4618 & 0.1001 & 4.6117 & 0.0017 & 0.2309 & 0.6927 \\\hline\end{array}$ Interpret the coefficient of determination.

Understand the implications of different conflict management strategies on relationships and organizational outcomes.

Recognize the role of manager's attitude and behavior in conflict resolution.

Understand the impact of organizational structures and principles on conflict occurrence.

Appreciate the significance of conflict management in leadership and team dynamics.

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Definitions:

Digital Certificate

An electronic document used to prove the ownership of a public key, including the identity of the certificate holder and the certificate authority that issued it.

Business To Business (B2B)

Transactions or commerce conducted directly between companies, typically involving bulk transactions.

Wiki

A collaborative online platform that allows users to create, edit, and hyperlink pages with ease, facilitating the collective generation of content.

Fundraiser Event

An organized activity aimed at collecting funds for a specific cause or organization.