The Monterey Fiesta Mexican Restaurant is trying to determine if its popular Pan Con Mucho Sabor breadsticks

Question:

The Monterey Fiesta Mexican Restaurant is trying to determine if its popular Pan Con Mucho Sabor breadsticks are correlated with the sales of margaritas. It has data on sales of breadstick baskets and margaritas for 25 weeks, shown in the Ch05Data.xlsx file for Prob05-17 on the Student Companion Site. Use the correlation utility, along with a scatter diagram, in Microsoft Excel to analyze these data. What do they indicate?

 

Monterey Fiesta Mexican Restaurant
















Raw Data









Breadstick







WeekOrdersMargaritas






18601330


Correlation Matrix

28501350


WeekOrdersMargaritas
38001290

Week1


48501350

Orders0.07111

58801360

Margaritas-0.06290.968071
67801250






78151275
SortedData



87801250
OrdersMargaritas


97501160
6451020



107101140
6501000



117401140
6751080



126751080
7101140



137201140
7201140



147301150
7301150



156451020
7301200



166501000
7401140



177301200
7501160



188701380
7801250



198901390
7801250



209101380
8001250



219401400
8001290



228301250
8151245



238401250
8151275



248151245
8301250



258001250
8401250







8501350







8501350







8601330







8701380







8801360







8901390







9101380







9401400













Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question
Question Posted: