Demand for oil changes at Garcia's Garage has been as follows: Month January February

March April May June July August Number of Oil Changes 41 46 57 52 59 51 60 62 a. Use
simple linear regression analysis to develop a forecasting model for monthly demand. In this
application, the dependent variable, Y, is monthly demand and the independent variable, X,
is the month. For January, let X = 1; for February, let X = 2; and so on. b. Use the model to
forecast demand for September, October, and November. Here, X = 9, 10, and 11,
respectively
a)
Y = 42.5 + 2.5X

b)
Demand
September = 65
October = 67.5
November = 70
Step-by-step explanation

Using excel regression we get the following output

Therefore, we have intercept = 42.5

X coefficient = 2.5
The regression equation would be
Y( Demand) = Intercept + X(Month)*Coefficient
Y = 42.5 + 2.5X

Therfore,
Demand forecast for month of september,
Y = 42.5 + 2.5*9 = 65

October
Y = 42.5 + 2.5*10 = 67.5

November
Y = 42.5 + 2.5*11 = 70
You are the manager of a local bank where three tellers provide services to customers. On
average, each teller takes 3 minutes to serve a customer. Customers arrive, on average, at
a rate of 50 per hour. Having recently received complaints from some customers that they
waited a long time before being served, your boss asks you to evaluate the service system.
Specifically, you must provide answers to the following questions:
 a. What is the average utilization of the three-teller service system?
 b. What is the probability that no customers are being served by a teller or are waiting in
line?
 c. What is the average number of customers waiting in line?
 d. On average, how long does a customer wait in line before being served?
 e. On average, how many cus
tomers