Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Managers of an outdoor coffee stand in Coast City are examining the relationship between (hot) coffee sales and daily temperature, hoping to be able to

image text in transcribed
Managers of an outdoor coffee stand in Coast City are examining the relationship between (hot) coffee sales and daily temperature, hoping to be able to predict a day's total coffee sales from the maximum temperature that day. The bivariate data values for the coffee sales (denoted by y, in dollars) and the maximum temperature (denoted by x, in degrees Fahrenheit) for each of sixteen randomly selected days during the past year are given below. These data are plotted in the scatter plot in Figure 1. Also given is the product of the temperature and the coffee sales for each of the sixteen days. (These products, written in the column labelled "xy", may aid in calculations.) Temperature, 1' (in degrees Fahrenheit) Coffee sales, .1" (in dollars) 33.0 2225.6 34,5723 -\" 73.4 2010.9 147,600.05 \"0" 65.2 1834.1 119,533.32 mm x x x 37.6 1957.6 73,605.76 1000-. * x x 82.7 1575.6 130,302.12 g E x x 75.1 1564.2 117,471.42 3; \"\"0- x l x 3% x 54.3 1590.2 87,142.96 355 mm. x xx x 72.6 1654.0 120,030.4 U V 1400* 47.3 2166.9 103,577.32 52.9 1837.0 97,1773 1100+ I x 45.3 1763.5 79,886.55 1,, 0 3!) 6!) 1!) a!) 9}] > 71.1 1925.3 136,338.33 56.6 1990.2 112,645.32 Temperature (in degrees Fahrenheit) 51.2 2207.1 113,003.52 Figural 45.6 1976.2 90,114.72 65.7 1741.7 114,429.69 [Send data to calculator viii What is the slope of the least-squares regression line for these data? Carry your intermediate computations to at least four decimal places and round your answer to at least two decimal places. (If necessary, consult a list of formulas.)

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

Algebra And Trigonometry

Authors: Cynthia Y Young

3rd Edition

1118475755, 9781118475751

More Books

Students also viewed these Mathematics questions

Question

Explain how cultural differences affect business communication.

Answered: 1 week ago

Question

List and explain the goals of business communication.

Answered: 1 week ago