Question
Consider the following hypothetical multiple linear model for estimating the number of cups of lemonade sold at a lemonade stand. Weekend is a boolean variable
Consider the following hypothetical multiple linear model for estimating the number of cups of lemonade sold at a lemonade stand. "Weekend" is a boolean variable whose value is 0 for weekdays and 1 for weekends. All else being equal, how will the estimate for a Saturday differ from the estimate for a Friday?
cups sold = 2.3 * temperature + (-40) * price + 120 * weekend + (-40)
Group of answer choices
The estimate for Saturday will be 120 times greater than the estimate for Friday
The estimate for Saturday will be 40 units (cups) less than the estimate for Friday
The estimate for Saturday will be 120 units (cups) greater than the estimate for Friday
There is not enough information to answer this question
Considering the multiple linear equation above (assuming temperature in degrees F and price in dollars) how many cups is the stand estimated to sell on a Wednesday when it's 80 degrees F and the cost of one cup is $1.50?
Group of answer choices
184 cups
84 cups
124 cups
204 cups
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