5 points Save Answer estion 5 sample af 100ats was selcted fram a restaurant cha

Question

5 points Save Answer estion 5 sample af 100ats was selcted fram a restaurant chain to study the relationship betwean managament operatians variablas and sakes voluma. A rating for cach unt inta sudy was assigned to the variables management, live entertainment, service hour advertising, and cleaniness rating. The following table shows the comelation coefficients between salas volume and each of these variables riable r with soles volume 0.461 0.676 0.325 0.448 0.015 entertainment hours Advert sing Which three variables are the most impartant in increasing sales volume Which variable would perhaps be the worse predictor of sales volume? A Advertising 2. Managament C. Live entertainment D. Service hours

Explanation / Answer

The coefficients in decreasing order are

1.Live Entertainment-0.676

2. Management-0.461

3. Advertising-0.448

4.Service Hours-0.325

5.Cleanliness-0.015

It is apparent from the above coefficients that Live Entertainment, Management and Advertising are the 3 most important variables in increasing the sales volume.

Also, Service Hours and Cleanliness is perhaps the worst predictor of sales volume.

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