Assignment Detail

Tutors

Prediction for next week ice cream sales

    Assignment Instructions

    Assignment ID: FG133134501

    Your marketing department estimates weekly sales of ice cream at your grocery stores using average temperature and advertising expenditures as explanatory variables. The estimated equation is:

    S = 100 + 20T + 0.5A

    where S is weekly sales in thousands of dollars, T is average weekly temperature in degrees Fahrenheit, and A is weekly advertising expenditures in thousands of dollars. Next week is expected to be hot, with temperatures averaging 100OF. Marketing has already budgeted $200 thousand for next week’s ads. What is your prediction for next week’s ice cream sales?

    Need fresh solution to this Assignment without plagiarism?? Get Quote Now

    Expert Answer

    Asked by: Anonymous
    Plagiarism Checked
    Answer Rating:
    4.6/5

    Plagiarism free Answer files are strictly restricted for download to the student who originally posted this question.

    Related Assignments

    //
    Our customer support team is here to answer your questions. You can send Assignments directly to support team.
    👋 Hi, how can I help?