Question: Exercise a) Find the relationship between the population and milk demand. b) What is the forecast (expected) demand for city G for the next year
Exercise a) Find the relationship between the population and milk demand. b) What is the forecast (expected) demand for city G for the next year if the population does not change? c) What is the standard error of estimate? d) What is the probability that actual demand will exactly be 75,000 litters in city G ? e) What is the probability that actual demand will be within two standard error from the expected demand? If standard error of estimate is halved, how much will this probability change? f) What is the probability that actual demand will be more than 50,000 liters? Exercise a) Find the relationship between the population and milk demand. b) What is the forecast (expected) demand for city G for the next year if the population does not change? c) What is the standard error of estimate? d) What is the probability that actual demand will exactly be 75,000 litters in city G ? e) What is the probability that actual demand will be within two standard error from the expected demand? If standard error of estimate is halved, how much will this probability change? f) What is the probability that actual demand will be more than 50,000 liters
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