The Truman Hotel, a 150-room lodging facility, uses the following regression ana

Question

The Truman Hotel, a 150-room lodging facility, uses the following regression analysis to forecast restaurant covers. Y= 80 + 0.4*X where Y equals forecasted restaurant covers X equals the number of hotel guests The average check in the hotel’s restaurant is expected to be $14.95. If the occupancy percentage is expected to be 70% and the average occupancy per room is expected to be 2, what would be the forecasted daily restaurant sales in dollar? a. $3,221.30 b. $2,451.80 c. $2,200.20 d. $4,320.40

Explanation / Answer

Option B

TR Total rooms 150 O Occupancy 70% RO=T*O Rooms occupied 105 (150*.7) G Per Room guests 2 TG= G*RO Total Guests 210 (105*2) RC = TG*0.4+80 Restaurant Cover 164 (210*0.4+80) AC Average Check 14.95 S= AC*RC Total Sales 2451.8 (14.95*164)

Related Questions

Navigate

• Browse (All)
• Browse T
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.