Question: See below the regression output that shows the relationship between number of rooms sold and coffee shop revenue in the lobby of JeyJey Hotel. The

See below the regression output that shows the relationship between number of rooms sold and coffee shop revenue in the lobby of JeyJey Hotel. The coffee shop manager believes that number of rooms sold is a predictor of coffee shop revenue. If 2,420 rooms is expected to be sold in January, what would be the forecasted coffee shop revenue for January?

SUMMARY OUTPUT
Regression Statistics
Multiple R	0.8834
R Square	0.8108
Standard Error	1253.64
Observations	60
	Coefficients	Standard Error	t Stat	P-value
Intercept	7200	1321.857654	4.46682923	0.00019288
X Variable 1	1.12	0.355509109	8.222081906	3.7357E-08

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