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Daily average summer temperature

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You work for a snow cone company. You've collected data on monthly sales (S, number of snow-cones per month) and the price of your regular-size snow-cone (P, in dollars), as well as the daily average summer temperature in your most popular market (T, in degrees Fahrenheit). You estimate the following regression model:

S = a + bP + cT.

In your regressions, you usually look for a 10%-or-better level of confidence.

 What are the expected signs for a, b, and c?

Reference no: EM132313936

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