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The following is the same scenario that you used in the previous question. You are forecasting the beverage sales for an outdoor event that
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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