Analysis of Service Times, Advertising Expenditure, Patronage Patterns and Restaurant Takings at Gourmet Delight
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Added on  2023/06/04
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This presentation provides an analysis of service times, advertising expenditure, patronage patterns and restaurant takings at Gourmet Delight, a 5-star restaurant in Melbourne. The presentation includes data on service times before and after training, advertising expenditure on revenue, daily patronage, and trend of restaurant takings.
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Introduction •Gourmet Delight is a Fictitious 5 Star Restaurant in the Central Business District in Melbourne. •Sitting Capacity:100 Persons at a time. •Restaurant Hours:12 pm – 3 pm (Lunch), 6 pm – 11 pm (Dinner) •Working Days:Monday To Sunday. •Restaurant Losing Customers due to higher service Times. •Training Program Conducted to reduce Service Time •After 6 months of Training, staffs leaving Restaurant
Service Times Before Training and After Training Serving Times prior to training (minutes)Serving Times after Training (minutes) Mean40.5320 Standard Error1.751.21 Median39.519 Mode3518 Standard Deviation9.596.65 Sample Variance92.0544.28 Kurtosis0.53-0.86 Skewness0.700.25 Range4024 Minimum2510 Maximum6534 Sum1216600 Count3030
Service Times Before Training and After Training Serving Times prior to training (minutes)Serving Times after Training (minutes) 0 5 10 15 20 25 30 35 40 45 50 Comparison of Serving Times Using Box and Whisker Plot Serving Times 152535455565 0 2 4 6 8 10 12 14 16 Histogram Showing Serving Time (Prior Training) Mid Point of Serving Times Frequency 152535455565 0 2 4 6 8 10 12 14 16 Histogram Showing Serving Time (After Training) Mid Point of Serving Times Frequency
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Service Times 6 Months Late After Training Table 2: Summary of Serving Time (6 months Late) Mean22.5 Standard Error1.18 Median23 Mode20 Standard Deviation5.26 Sample Variance27.63 Kurtosis-1.15 Skewness-0.10 Range17 Minimum14 Maximum31 Sum450 Count20
Service Times After Training and 6 Months Late Serving Times after Training (minutes)Serving Time (6 months Late) 0 5 10 15 20 25 30 Serving times After Training and 6 Months Late Serving Times
Advertising Expenditure on Revenue Regression Statistics Multiple R0.92 R Square0.84 Adjusted R Square0.83 Standard Error916.47 Observations18 ANOVA dfSSMSF Significanc e F Regression1 713618 8971361888.5884.9640.000 Residual16 134385 85839911.5647 Total17 848004 74 Coefficients Standa rd Errort StatP-valueLower 95%Upper 95% Intercept717.75405.941.7680.096-142.791578.29 Advertising Expenditure( $)7.450.819.2180.0005.749.16 The Revenue of Gourmet Delight is significantly enhanced with the increase in the advertising expenditures. With $1 increase in the advertisement cost, the revenue earned by the restaurant increases by $7.45. This can be said with an accuracy of 84 percent.
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Patronage Patterns Tues Wed Thur Fri Sat Sun Mon Tues Wed Thur Fri Sat Sun Mon Tues Wed Thur Fri Sat Sun Mon Tues Wed Thur Fri Sat Sun Mon Tues Wed Thur 12345678910111213141516171819202122232425262728293031 0 20 40 60 80 100 120 140 Daily Patronage at Gourmet Delight Number of people who were served a meal Smoothed Series Date and Day Number of People •Most Visited:Fridays and Saturdays. •Least Visited:Mondays. •The smoothing of the curve has shown a decrease in the deviations of the number of customers who visit the restaurant.
Trend of Restaurant Takings 12341234123412341234 20142015201620172018 $- $10.00 $20.00 $30.00 $40.00 $50.00 $60.00 $70.00 Predicted Restaurant Takings Restaurant takings ($'000s)(yi) Predicted Trend Quarter and Year Restaurant Takings Trend Equation: When there is no change in time, the quarterly restaurant undertakings will be $3,159,000. Further, it can be said from the estimated equation that with one- unit increase in the time or quarters, the restaurant undertakings increase by
Trend of Restaurant Takings Regression Statistics Multiple R0.79 R Square0.63 Adjusted R Square0.60 Standard Error5.04 Observations16 ANOVA dfSSMSF Significanc e F Regression1597.191597.19123.4830.000 Residual14356.02725.430 Total15953.217 Coefficien ts Standard Errort StatP-valueLower 95% Upper 95% Intercept31.592.6411.9460.00025.9237.26 Time1.330.274.8460.0000.741.91 The model so developed is a significant prediction model (P- Value less than 0.05) with an accuracy of 63 percent (R-Square Value).
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