Question

Joe's One Wheel Corporation uses Regression Analysis to predict sales. Joe has developed a simple model that uses Previous Month's Skateboard Sales and Average Temperature of the Previous Month to predict next months sales.The formula that Joe has developed is:Sales = 0.63 * (Skateboard Sales) + 0.165 * (Average Temperature)If the previous months Skateboard Sales were 968 and the Average Temperature was 91, how many One-Wheels should Joe expect to sell next month (round to the nearest unit)?

Answer 1

Answer:

625 units

Explanation:

The formula that joe has derived is

Formula: Sales = 0.63 x  (Skateboard Sales) + 0.165 x (Average Temperature)

We will definitely get the expected sales figure by putting values in the formula

Sales = (0.63 x 968) + (0.165 x 91)

Sales = 624.86

Sales =  625(rounded off to nearest unit)