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SCENARIO 14-20-B
You Are the CEO of a Dairy Company (X1)\left( X _ { 1 } \right)

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SCENARIO 14-20-B
You are the CEO of a dairy company. You are planning to expand milk production by purchasing
additional cows, lands and hiring more workers. From the existing 50 farms owned by the company,
you have collected data on total milk production (in liters), the number of milking cows, land size (in
acres) and the number of laborers. The data are shown below and also available in the Excel file
Scenario14-20-DataB.XLSX.
MILK 84686 101876 103248 70508 76072 86615 87508 105195 120351 68658  SCENARIO 14-20-B You are the CEO of a dairy company. You are planning to expand milk production by purchasing additional cows, lands and hiring more workers. From the existing 50 farms owned by the company, you have collected data on total milk production (in liters), the number of milking cows, land size (in acres) and the number of laborers. The data are shown below and also available in the Excel file Scenario14-20-DataB.XLSX. MILK 84686 101876 103248 70508 76072 86615 87508 105195 120351 68658   You believe that the number of milking cows  \left( X _ { 1 } \right) , land size  \left( X _ { 2 } \right)  and the number of laborers  \left( X _ { 3 } \right)  are the best predictors for total milk production on any given farm. -Referring to Scenario 14-20-B, the predicted total milk production of a farm with 40 milking cows, 30 acres of land and 3 laborers is _____ liters.
You believe that the number of milking cows (X1)\left( X _ { 1 } \right) , land size (X2)\left( X _ { 2 } \right) and the number of laborers (X3)\left( X _ { 3 } \right) are the best predictors for total milk production on any given farm.
-Referring to Scenario 14-20-B, the predicted total milk production of a farm with 40 milking
cows, 30 acres of land and 3 laborers is _____ liters.

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