Concur Technologies Inc is a large expense-management company located in Redmond Washington. The wall street Journal asked Concur to examine the data from 8.3 million expense reports to provide insights regarding business travel expenses. Their analysis of the data showed that New York was the most expensive city with an avg daily hotel room rate of $198 and an avg amount speny on entertainment, including group meals and tickets for shows sports and other events of $172 in comparison the U. S averages for these two categories were $89 for the room rate and $99 for entertainment the following table shows the average daily hotel room rate and the amount spent on the entertainment for a sample of 9 of the 25 most visited U. S cities Room Rate EntertainmentCity ($) ($)Boston 148 161Denver 96 105Nashville 91 101New orleans 110 142Phoenix 90 100San Diego 102 120San Francisco 136 167San Jose 90 140Tampa 82 98 develop a scatter diagram for these data with the room rate as the independent variablewhat does the scatter diagram developed in part (a.) indicate about the relationship between the two variablesdevelop the least squares estimated regression equationprovide an interpretation for the slope of the estimated regression equationthe avg room rate in Chicago is $128 considerably higher than the U. S avg predict the entertainment expense per day in Chicago

Step-by-step explanation:

Hello!

Given the variables

X: daily hotel room rate

Y: amount spent on the entertainment

See second attachment for scatter plot.

The population regression equation is E(Yi)= α + βXi

To estimate the y-intercept and the slope of the regression equation you have to apply the following formulas:

a= Y[bar]-bX[bar]

n= 9; ∑X= 945; ∑X²= 103325; ∑Y= 1134 ∑Y²= 148804; ∑XY= 123307

X[bar]= ∑X/n= 945/9= 105

Y[bar]= ∑Y/n= 1134/9= 126

a= 126 - 1.03*105= 17.49

^Y= 17.49 + 1.03Xi

Slope interpretation: The estimated average amount spent on entertainment increases 1.03 every time the daily hotel room rate increases one unit.

If the room rate for Chicago is $128 (X), to predict the mount spent in entertainment (Y) you have replace it in the estimated regression line:

^Y= 17.49 + 1.03Xi= 17.49 + 1.03*128= 149.33

The expected amount spent on entertainment for Chicago is $149.33

I hope this helps!

this story was prepared by jim

mccullaugh in los angeles and

al stewart in new york.

new york the colossal success of "top gun" appears to have dramatically altered madison avenue's

perception of corporate sponsorship

of home video projects.

the paramount home video re- lease, featuring a 60- second diet

pepsi spot, was by no means the

first prerecorded video to carry an advertiser's plug, but it was the

first major theatrical release to do so. in the aftermath of the title's

success, paramount is widely ex- pected to ink a similar deal for

"crocodile dundee" or "star trek

iv" or both.

corporate america's new attraccds push british

recording sales

to 19% gain

london fueled by the compact

disk boom, the value of u.k. manu- facturer shipments of recordings

rose 19% in the 12 -month period ended march 1987, according to the

british phonographic industry.

total value of u.k. shipments for

the period was $755 million for all

configurations. (all value figures

are based on an exchange rate of

$1.68 to the pound sterling.)

cd sales totaled 10.7 million units

worth $121.3 million- compared

with 3.7 million units worth $39.5

million in the prior 12 months -and

accounted for two -thirds of the

overall gain in trade value. at present growth rates, says the bpi, cd

sales for calendar 1987 will reach 20

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step-by-step explanation:

answer: what are the following choices