A local ice cream parlor wants to determine whether the temperature has an effect on its business.
Question:
a. With temperature as an independent variable and number of customers as a dependent variable, compute SSxx, SSyy, and SSxy.
b. Construct a scatter diagram for these data. Does the scatter diagram exhibit a positive linear relationship between temperature and the number of customers served?
c. Find the regression equation Å· = a + bx
d. Give a brief interpretation of the values of a and b calculated in part c.
e. Compute the correlation coefficient r.
f. Predict the number of customers served on a rain-free weekend summer day when the temperature is 73
F. Returning to part b, how reliable do you think this prediction will be? Explain.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Question Posted: