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The owner of a Hot Beverage store has recorded the average temperature over the last 5 months and also the amount of hot chocolate sold

The owner of a Hot Beverage store has recorded the average temperature over the last 5 months and also the amount of hot chocolate sold in her shop. The data is shown below.

Year

July

August

September

Oct.

Nov.

Average Monthly temperature (C)

24

26

19

15

12

Average Number of Hot Chocolates Sold

2

1

8

17

21

Given: n = 5 SumX = 96 SumY = 49 SumXY = 733 SumX2 = 1982 SumY2 = 799

a) Calculate the Standard Error of Estimate

b) Interpret the Standard Error of Estimate

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