Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. the evergreen hotel, a 200-room lodging facility,

The Evergreen Hotel, a 200-room lodging facility, uses regression analysis to forecast dining room meals....

80.2K

Verified Solution

Question

Accounting

image
The Evergreen Hotel, a 200-room lodging facility, uses regression analysis to forecast dining room meals. Larry Spruce, the manager, has indicated the regression equations used are as follows: y=50+.42x(breakfast)y=200+.21x(lunch)y=450+.35x(dinner) where y equals forecasted meals x equals the number of hotel guests Further, the average check in the hotel's dining room is expected to be as follows: Required: Forecast daily sales by meal period when the occupancy percentage is expected to be 85 percent (all rooms are available for sale) and the average occupancy per room is expected to be 1.58 . The Evergreen Hotel, a 200-room lodging facility, uses regression analysis to forecast dining room meals. Larry Spruce, the manager, has indicated the regression equations used are as follows: y=50+.42x(breakfast)y=200+.21x(lunch)y=450+.35x(dinner) where y equals forecasted meals x equals the number of hotel guests Further, the average check in the hotel's dining room is expected to be as follows: Required: Forecast daily sales by meal period when the occupancy percentage is expected to be 85 percent (all rooms are available for sale) and the average occupancy per room is expected to be 1.58

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Find the range, mean, and standard deviation of the data set.(7, 13, 7, 4, 4,...

Algebra
Q

Chemical equations serve a variety of purposes, but the most general form of a chemical equation...

Chemistry
Q

A person standing far away walks toward a plane mirror at a speed v, and the...

Physics
Q

A Rankine cycle power plant is being developed to operate an irrigation system. In this power plant...

Mechanical Engineering
Q

Objective: Apply elementary mathematical concepts and quantitative methods in business decision making under certainty. Create a context: Introduce...

Advance Math
Q

K Determine the number of triangles ABC possible with the given parts A 44 7...

Calculus
Q

Snow-Tech Inc. sells an Xpert ski that is popular with ski enthusiasts. The...

Accounting
Q

Cold Creek Kayaks, a manufacturing company, has beginning finished goods inventory of $25,000; cost of...

Accounting
Q

Si el contador no hizo un asiento de ajuste para registrar los suministros utilizados durante...

Accounting
Q

Instructions Journalize the transactions. The following selected transactions pertain to L. Lewis Corporation:...

Accounting
Q

Use (a) the percentage method and (b) the wage-bracket method to compute the federal income...

Accounting
Q

On September 1,2012. Windixie Corporation acquired Publix Enterprises for a cask payment of $700,000. At...

Accounting