Lori Cook has developed the following forecasting model: y = 40.0 + 4.20x, where y = demand for Kool Air conditioners and x = the outside temperature (degrees Fahrenheit) a) When the temperature outside is 70° F, demand forecast = | air conditioners (enter your response as an integer). b) When the temperature outside is 80° F, demand forecast = air conditioners (enter your response as an integer). c) When the temperature outside is 90° F, demand forecast = air conditioners (enter your response as an integer).

Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
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Can you assit me with this problem 8 by showing me the process step by step. I prefer it not be in the form of an excel sheet because it is hard to follow along. Thank you kindly

Lori Cook has developed the following forecasting model:

\[
\hat{y} = 40.0 + 4.20x,
\]

where 
\(\hat{y}\) = demand for Kool Air conditioners and  
\(x\) = the outside temperature (degrees Fahrenheit).

a) When the temperature outside is 70°F, demand forecast = ⬜ air conditioners (enter your response as an integer).

b) When the temperature outside is 80°F, demand forecast = ⬜ air conditioners (enter your response as an integer).

c) When the temperature outside is 90°F, demand forecast = ⬜ air conditioners (enter your response as an integer).
Transcribed Image Text:Lori Cook has developed the following forecasting model: \[ \hat{y} = 40.0 + 4.20x, \] where \(\hat{y}\) = demand for Kool Air conditioners and \(x\) = the outside temperature (degrees Fahrenheit). a) When the temperature outside is 70°F, demand forecast = ⬜ air conditioners (enter your response as an integer). b) When the temperature outside is 80°F, demand forecast = ⬜ air conditioners (enter your response as an integer). c) When the temperature outside is 90°F, demand forecast = ⬜ air conditioners (enter your response as an integer).
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