Question

In: Statistics and Probability

High Temperature (°F) Number of cans sold 55 340 58 335 64 410 68 460 70...

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

Solutions

Expert Solution

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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