Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A regression analysis between the number of cup of hot beverage sold (Y) and temperature of the day in degree Celsius (X) resulted in the

A regression analysis between the number of cup of hot beverage sold (Y) and temperature of the day in degree Celsius (X) resulted in the following equation:

= 242 - 18X

The figure 18 in the equation implies that, on average,

(a)an increase of one degree Celsius in the temperature results in a decrease of 18 cups of hot beverage in sales.

(b)an increase of one degree Celsius in the temperature results in an increase of 18 cups of hot beverage in sales.

(c)a decrease of one degree Celsius in the temperature is correlated with a decrease of 18 cups of hot beverage in sales.

(d)18 cups of hot beverage were sold regardless of the temperature.

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

Students also viewed these Mathematics questions

Question

be able to calculate correlations among variables.

Answered: 1 week ago

Question

=+b) What is the maximax choice? Section 23.4

Answered: 1 week ago