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7 March, 04:36

Lori Cook has developed the following forecasting model: ModifyingAbove y with caret = 36.0 + 4.50 x, where ModifyingAbove y with caret = demand for Kool Air conditioners and x = the outside temperature (degrees Fahrenheit) a) When the temperature outside is 70degrees F, demand forecast = ? air conditioners (enter your response as an integer).

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  1. 7 March, 07:08
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    Answer:351 unit

    Explanation:

    From Lori cook's model, we have that

    y=36.0+4.5x

    Where y is the demand for cool air conditional and

    x is the outside temperature (degrees Fahrenheit)

    This relationship can be used to derive the demand for cool air conditional when some outside temperatures are known.

    For x = 70⁰F

    y=36.0 + 4.5 (70)

    y = 36.0 + 315

    y = 351.0 or 351 units demand for cool air conditional
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