Develop regression relationship

Assignment Help Operation Management
Reference no: EM132183420

Bus and Subway ridership for the summer months in London, England, is believed to be tied heavily to the number of tourist visiting the city. During the past 10 years, the following data was obtained:

Year                             Number of Tourists                 Ridership

Summer Months (in millions)             (in millions)

1                                               7                                          1.5

2                                               2                                          1.0

3                                               6                                          1.3

4                                               4                                          1.5

5                                              14                                         2.5

6                                              15                                         2.7

7                                              17                                         2.4

8                                              13                                         2.0

9                                              14                                         2.7

10                                            20                                         4.4

a) Develop a regression relationship.

b) What is the expected ridership if 10 million tourists visit London in a year?

c) Explain the predicted ridership if there are no tourists at all.

Reference no: EM132183420

Questions Cloud

Determine the income statement for the year ended december : On July 1, 2017, Joseph Company purchased 1,000 of Griswald Corporation's $1,000, Determine the income statement for the year ended December
What about from defendant perspective : What are the benefits of a class action lawsuit from a plaintiff’s perspective? What about from a defendant’s perspective?
What would happen to the perceived value of the product : Assuming that we keep the perceived quality constant, explain what would happen to the perceived value of the product if we increase its price.
What is the best way for a leader to retain talent : What is the best way for a leader to retain talent? What have you seen used in the past?
Develop regression relationship : Develop a regression relationship. What is the expected ridership if 10 million tourists visit London in a year?
Determine the appropriate method to use are the type of data : Descriptive statistics involves arranging, summarizing, and presenting a set of data in such a way that useful information is produced.
Can central banks successfully influence these : Governments try to maintain the confidence of investors, business people, and consumers in their economies.
Four functions of management : How can someone use the four functions of management in your place of employment or your personal life.
Defects in a flat-screen computer monitor : Develop a check sheet for defects in a flat-screen computer monitor.

Reviews

Write a Review

Operation Management Questions & Answers

  Imagine you are digital marketer for coffee roastery

Imagine you are a digital marketer for a coffee roastery that sells its beans online and through local cafes and storefronts.

  How much should be invested at 12 per nominal interest rate

How much should be invested at 12% nominal interest rate, compounded monthly, to provide equal yearly payments of $10,000 per year for 6 years, starting 12 years from now? The interest rate remains constant.

  Explain porter generic strategies

Explain Porter’s generic strategies. Discuss whether generic strategies are true strategies in the way the textbook defines them.

  Briefly describe dimco''s supply chain

Briefly describe DIMCO's supply chain, What are the advantages that DIMCOO can gain by implementing supply chain management?

  Activities designed to utilize inputs to produce product

A set of activities designed to utilize inputs to produce a product or service for an internal or external customer is referred to as a(n)

  Examine the impact of such changes on the demand

Describe how household patterns in the United States are anticipated to change over the next few years.

  Four occupants of the vehicle she hit were awarded damages

Annie Body was judged at fault in an accident. The four occupants of the vehicle she hit were awarded damages of $15,000, $10,000, $10,000, and $5,000. Annie has 15/30/5 liability coverage. What amount, if any, would not be covered by her insurance a..

  Positions do you think management by objectives

For what types of employees or positions do you think management by objectives (MBO) should prove particularly effective? Ineffective?  Why is planning said to have “primacy” among the managerial functions? For what types of employees or positions do..

  How to use the aleks system

Explain what one of the videos in the module taught you about how to use the ALEKS system.

  How you will monitor the risks that you have projected

For this assignment, you will determine how you will monitor the risks that you have projected, as well as the unknown risks that occur during the course of the project. You will also formulate a control plan once a risk has been identified during..

  How has jetblue assisted its employee who come from diverse

What are the different kinds of diverse crew members employed by JetBlue? Does JetBlue treat all the diverse groups as a single entity?

  How some of the features of the item that loch describe

Extensions will only be allowed by using the CQU Assessment Extension Request link in this Moodle web page.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd