You are forecasting the beverage sales for an outdoor event for a large crowd. The crowd...

 

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You are forecasting the beverage sales for an outdoor event for a large crowd. The crowd will be a mix of adults and kids together. Soda will be served for kids, while beer will be served for adults. The average price of soda is $3.50; and the average price of beer is $6.00. You have found that the beverage sales are reliably correlated with the weather of the day of the event. When you conducted a regression analysis connecting the weather and beverage sales data, the following results were obtained: Weather impact on soda sales: Slope: 3.50 Y-intercept: Y-intercept: Weather impact on beer sales: Slope: 2.50 Using the result of the regression analysis presented above, answer the following questions: 1,000 900 Project (forecast) the sales amount ($) of soda when the temperature is expected to be 88 degrees F. Please provide just the number with NO "$" or "" for your answer in the nearest dollar (with no cents). For example, if your answer is $123,456.49; then put just 123456. You are forecasting the beverage sales for an outdoor event for a large crowd. The crowd will be a mix of adults and kids together. Soda will be served for kids, while beer will be served for adults. The average price of soda is $3.50; and the average price of beer is $6.00. You have found that the beverage sales are reliably correlated with the weather of the day of the event. When you conducted a regression analysis connecting the weather and beverage sales data, the following results were obtained: Weather impact on soda sales: Slope: 3.50 Y-intercept: Y-intercept: Weather impact on beer sales: Slope: 2.50 Using the result of the regression analysis presented above, answer the following questions: 1,000 900 Project (forecast) the sales amount ($) of soda when the temperature is expected to be 88 degrees F. Please provide just the number with NO "$" or "" for your answer in the nearest dollar (with no cents). For example, if your answer is $123,456.49; then put just 123456.

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