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).

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