In: Statistics and Probability
Jason believes that the sales of coffee at his coffee shop
depend upon the weather. He has taken a sample of 6 days varying in
degrees of temperature. Below you are given the results of the
sample.
Cups of Coffee Sold |
Temperature (in ⁰F) |
350 |
50 |
200 |
60 |
220 |
70 |
110 |
80 |
65 |
90 |
40 |
100 |
a. In this scenario, the dependent variable is . |
b. The least squares estimated regression equation is . |
c. The correlation coefficient (to four decimal places) between temperature and the sales of coffee is . |
d. The predicted sales of a 90-degree day is . |
e. The residual for sales on a 90-degree is . |
Part a)
Dependent variable is cup of coffee sold
Part b)
Equation of regression line is
b = -5.9
a =( 985 - ( -5.9 * 450 ) ) / 6
a = 606.667
Equation of regression line becomes
Part c)
Part d)
When X = 90
= 606.667 +
-5.9 X
= 606.667 +
-5.9 * 90
= 75.67
Part e)
Residual = 65 - 75.67
Residual = -10.67