Question
Question 47 1 pts The following is the same scenario that you used in the previous question. You are forecasting the beverage sales for
Question 47 1 pts The following is the same scenario that you used in the previous question. You are forecasting the beverage sales for an outdoor event that serves 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 $6.00. You have found that the beverage sales are reliably correlated with the weather of the day of the event. When you conducted a regression analysis connecting the weather and beverage sales data, the following results were obtained: Weather impact on soda sales: Weather impact on beer sales: Slope: 3.50 Slope: 2.50 Y-intercept: Y-intercept: 1,000 900 Using the result of the regression analysis presented above, answer the following questions: Project (forecast) the sales amount ($) of beer 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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