Perform a linear regression that relates bar sales to guests

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Reference no: EM131357910

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?

Reference no: EM131357910

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