1. Fill in the blank: For these data, temperature values that are greater than the mean of the temperature values tend to be paired the mean of the coffee sales Choose one with coffee sales values that are values.

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Greater than or less than?
1. Fill in the blank: For these data, temperature values that are
greater than the mean of the temperature values tend to be paired
with coffee sales values that are
Choose one
the mean of the coffee sales
values.
Transcribed Image Text:1. Fill in the blank: For these data, temperature values that are greater than the mean of the temperature values tend to be paired with coffee sales values that are Choose one the mean of the coffee sales values.
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 fifteen randomly selected days during
the past year are given below. These data are plotted in the scatter plot
in Figure 1.
Temperature, x
(in degrees
Fahrenheit)
Coffee sales, y
(in dollars)
68.3
1787.6
38.9
2311.0
2400
72.9
1684.0
2200
58.8
1979.5
63.4
1816.4
2000-
75.8
1997.6
1800
46.9
2131.7
71.0
1973.9
1600.
38.7
2018.2
1400.
53.9
1597.5
1200
45.9
1996.1
75.4
1501.0
50.9
2266.3
81.7
1574.5
Figure 1
45.5
1798.9
Send data to Excel
After deciding on the appropriateness of a linear model relating coffee
sales and maximum temperature, the managers calculate the equation
of the least-squares regression line to be î=2516.78 – 10.49x. This is the line
shown in Figure 1.
Answer the following:
1. Fill in the blank: For these data, temperature values that are
greater than the mean of the temperature values tend to be paired
with coffee sales values that are
values.
Choose one
the mean of the coffee sales
f one degree
2. According to the regression equation, for an increase
in temperature, there is a corresponding decrease of how many
dollars in coffee sales?
3. What was the observed coffee sales value (in dollars) when the
temperature was 68.3 degrees Fahrenheit?
4. From the regression equation, what is the predicted coffee sales
value (in dollars) when the temperature is 68.3 degrees Fahrenheit?
(Round your answer to at least one decimal place.)
?
Transcribed Image Text: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 fifteen randomly selected days during the past year are given below. These data are plotted in the scatter plot in Figure 1. Temperature, x (in degrees Fahrenheit) Coffee sales, y (in dollars) 68.3 1787.6 38.9 2311.0 2400 72.9 1684.0 2200 58.8 1979.5 63.4 1816.4 2000- 75.8 1997.6 1800 46.9 2131.7 71.0 1973.9 1600. 38.7 2018.2 1400. 53.9 1597.5 1200 45.9 1996.1 75.4 1501.0 50.9 2266.3 81.7 1574.5 Figure 1 45.5 1798.9 Send data to Excel After deciding on the appropriateness of a linear model relating coffee sales and maximum temperature, the managers calculate the equation of the least-squares regression line to be î=2516.78 – 10.49x. This is the line shown in Figure 1. Answer the following: 1. Fill in the blank: For these data, temperature values that are greater than the mean of the temperature values tend to be paired with coffee sales values that are values. Choose one the mean of the coffee sales f one degree 2. According to the regression equation, for an increase in temperature, there is a corresponding decrease of how many dollars in coffee sales? 3. What was the observed coffee sales value (in dollars) when the temperature was 68.3 degrees Fahrenheit? 4. From the regression equation, what is the predicted coffee sales value (in dollars) when the temperature is 68.3 degrees Fahrenheit? (Round your answer to at least one decimal place.) ?
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