Using these data how many mocha latte coffees would be


Lori Cook has developed the following forecasting model:

y^ = 36 + 4.3x

where: y^ = demand for Kool Air conditioners and

x = the outside temperature (oF)

a) Forecast demand for the Kool Air when the temperature is 70°F.

b) What is demand when the temperature is 80°F?

c) What is demand when the temperature is 90°F?

Price

Number Sold

$2.70

760

$3.50

510

$2.00

980

$4.20

250

$3.10

320

$4.05

480

Using these data, how many mocha latte coffees would be forecast to be sold according to simple linear regression if the price per cup were $2.80?

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