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4 February, 13:21

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) ?

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  1. 4 February, 13:22
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    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)
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