Posted: June 18th, 2019

Finer Diner Gross Revenue Analysis

Question description

At the end of the first fiscal quarter, which ended on the last day of last month, the research team at Finer Diner computed the following model as a means of predicting monthly gross revenues:Gross revenues (Y) = 618.4 + 282.68(Advertising Expenditures) + 95.43(Number of Nights with Live Entertainment)Y = Gross revenues (monthly)X1 = Advertising Expenditures (monthly)X2 = Number of Nights with a Band Present (monthly)Calculated p-values for Advertising Expenditures and Number of Nights with Live Entertainment are 0.00005 and 0.35 respectively.Currently, the restaurant spends $500 per month on advertising and has live entertainment fifteen nights per month.Based on the current model and p-values:Predict gross revenues if the restaurant raised monthly advertising expenditures by 15%, 25%, and 50%.Predict gross revenues if the restaurant provided live entertainment 12 nights per month, 20 nights per month, and 24 nights per month.Create a 6- to 8-slide Microsoft® PowerPoint® or Prezi presentation in which you:Identify goals of 15% increase in gross revenues for the next fiscal month, a 25% increase in monthly gross revenues for the current quarter, and a 50% increase in monthly gross revenues at the end of this fiscal year.Predictchanges in advertising expenditures and how many nights live entertainment is offered that will lead to meeting the goals.Illustrate potential strategies to accomplish your proposed increases.Compose a script for your presentation in the notes section of your Microsoft® PowerPoint® slides or in a Microsoft® Word® document if using Prezi.Format any references and citations consistent with APA guidelines

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