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Alik [6]
3 years ago
5

Cover Me, Inc. sells umbrellas in three cities. Management assumes that annual rainfall is the primary determinant of umbrella s

ales, and it wants to generate a linear regression equation to estimate potential sales in other cities. Given the data below, what is the estimated amount of sales for 96 inches of rain utilizing a linear regression equation? Round to nearest whole number.
Rainfall in X Sales in Dollars of Umbrellas
City A 35 2800
City B 30 2000
City C 12 800
Business
1 answer:
noname [10]3 years ago
8 0

Answer:

7602.28

Explanation:

Given the data:

Rainfall in X Sales in Dollars of Umbrellas

City A 35 2800

City B 30 2000

City C 12 800

Using the linear regression calculator :

The linear model obtained for the data is :

y = - 226.424 + 81.549x

Using the model, the predicted sales for 96 inches of rain will be:

X = 96

y = - 226.424 + 81.549(96)

The predicted sales is 7602.28

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Answer:

Explanation:

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3 0
3 years ago
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dusya [7]

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Explanation:

he company will do an adjusting entry to create a contra-asset account to represent the net amount of receivables:

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Now, it will use the allowance account to reduce the account receivables balance:

accounts receivables    53,600

allowance                   <u>     (1,200)   </u>

net                                   52,400

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