In: Statistics and Probability
High Temperature (°F) |
Number of cans sold |
55 |
340 |
58 |
335 |
64 |
410 |
68 |
460 |
70 |
450 |
75 |
610 |
80 |
735 |
84 |
780 |
1. A convenience store manager notices that sales of soft drinks are higher on hotter days, so he assembles the data in the table.
(a) Make a scatter plot of the data below.
(b) Sketch the best fit line and write the equation for that line.
Equation:______________________________________
(c) Use the model to predict soft-drink sales if the temperature is
95°F.
(d) Using the scatterplot, describe the association you see between the two variables. Guess your r, (Remember r is not the same as slope!) Make sure to mention direction and strength.
graph
Above problem is solved usit Minitab, output of Minitab is attached below,
a) see the scattere plot is output
b) Regression Eq.
Cans Sold = -622 +16.42 * High Temp
c) Cans Sold = -622 +16.42 * 95 = 937.9
d) if we saw the scattere plot it is clear that there is positive association bet cans sold ans Temp.
Roughly association is nearby perfect positive that is near to 1 or lies between 0.9 to 1
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