Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

3. Suppose you are making extra money one summer by selling ice cream and notice that a relation exists between the daily highest temperature and

image text in transcribed
3. Suppose you are making extra money one summer by selling ice cream and notice that a relation exists between the daily highest temperature and the number of ice cream sold that day. Now, we wanted to be more systematic in making our predictions and ran the correlation coefficient significance test. We created the scatterplot and obtained the output below. (8 pts) Bars solid 150 70 75 85 90 Temperature in dagrees F Parson's product-moment correlation Data: IceCream$temp and IceCream$barsold of =33 p-value = 1.593e-11 alternative hypothesis: true correlation is not equal to 0 95 percent confidence interval: 0.81488 0.91958 Sample estimates: cor 0.86723 a. Describe the scatter plot (direction, shape, and strength) (1 pt) b. Write the null and the alternate hypothesis for correlation coefficient significance test. (1 pt) c. Calculate t statistic. Show your work for the full credits. (3 pts) d. Write up the conclusions with the supporting values. (2 pts)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Complex Geometry And Dynamics The Abel Symposium 2013

Authors: John Erik Fornaess, Marius Irgens, Erlend Fornaess Wold

1st Edition

3319203371, 9783319203379

More Books

Students also viewed these Mathematics questions