14 FURL] ULTRIC DATAfile: RestaurantLine You may need to use the appropriate appendix table or technology to answer this

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14 Furl Ultric Datafile Restaurantline You May Need To Use The Appropriate Appendix Table Or Technology To Answer This 1 (36.98 KiB) Viewed 37 times

14 FURL] ULTRIC DATAfile: RestaurantLine You may need to use the appropriate appendix table or technology to answer this question. Many small restaurants in Portland, Oregon, and other cities across the United States do not take reservations. Owners say that with smaller capacity, no-shows are costly, and they would rather have their staff focused on customer service rather than maintaining a reservation system. However, it is important to be able to give reasonable estimates of waiting time when customers arrive and put their name on the waiting list. The file RestaurantLine contains 10 observations of number of people in line ahead of a customer (independent variable x) and actual waiting time (in minutes) (dependent variable y). The estimated regression equation is: 94.35+ 8.81x and MSE 94.42. (a) Develop a point estimate (in min) for a customer who arrives with seven people on the wait-list. (Round your answer to two decimal places.) x min *** R (b) Develop a 95% confidence interval for the mean waiting time (in min) for a customer who arrives with seven customers already in line. (Round your answers to two decimal places.) x min to x min (c) Develop a 95% prediction interval for Roger and Sherry Davy's waiting time (in min) if there are seven customers in line when they arrive. (Round your answers to two decimal places.) x min to x min (d) Discuss the difference between part (b) and part (c). difficult to predict the waiting time for an individual ✓than the confidence interval. This is because it is more The prediction interval is much wider customer arriving with seven people in line than it is to estimate the mean waiting time for a customer arriving with seven people in line.