Question
Jason believes that the sales of coffee at his coffee shop depend upon the weather. He has taken a sample of 6 days. Below you
Jason believes that the sales of coffee at his coffee shop depend upon the weather. He has taken a sample of 6 days. Below you are given the results of the sample
Cups of coffee sold Temperature
350 50
200 60
210 70
100 80
60 90
40 100
Required
1.Which variable is the dependent variable?
2.Compute the least squares estimated regression equation.
3.Predict sales of a 90 degree day
4.Calculate the SSR, SSE and SST.
5.Compute the Coefficient of Determination andCorrelation Coefficient between temperature and the sales of coffee
6.Is there a significant relationship between the sales of coffee and temperature? Use a .05 level of significance. Do both T-test and F-test.Be sure to state the null and alternative hypotheses in each case.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started