Question

The manager of a fashionable restaurant open Wednesday through Saturday says that the restaurant does about 32 percent of its business on Friday night, 28 percent on Saturday night, and 18 percent on Thursday night. What seasonal relatives would describe this situation?

Answer 1

Answer:

seasonal relative on wednesday, thursday, friday and saturday are 0.88, 072, 1.28 and 1.12 respectively

Explanation:

Percent of business on Wednesday= 100-(32+28+18)= 22

Average= 25% on each of these days

On Wednesday= 22/25= 0.88

On Thursday= 18/25= 0.72

On Friday= 32/25= 1.28

On Saturday= 28/25= 1.12

Overall the demand is higher on weekends and lower weekdays The demand on friday is 28% higher than average, and on saturday 12% higher. On Wednesday it is 12% lower and on thursdays it is 28% lower than the average.