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MATLAB: An Introduction with Applications
6th Edition
ISBN: 9781119256830
Author: Amos Gilat
Publisher: John Wiley & Sons Inc
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A manager at an ice cream store is trying to determine how many customers to expect on any given day. Overall business has been relatively steady over the past several years, but the customer count seems to have ups and downs. He collects data over 30 days and records the number of customers, the high temperature (degrees Fahrenheit) and whether the day fell on a weekend.
- Estimate: Customers =+ Temperature + Weekend +. Interpret the beta estimates.
- How many customers should the manager expect on a Sunday with a forecasted high temperature of 80 degrees?
- Interpret the weekend coefficient. Is it significant at the 5% level? How this affect the store’s staffing needs?
Customers | Temperature | Weekend |
376 | 75 | No |
433 | 78 | No |
524 | 80 | No |
360 | 70 | No |
500 | 80 | No |
645 | 78 | Yes |
667 | 80 | Yes |
542 | 85 | No |
412 | 70 | No |
435 | 72 | No |
396 | 69 | No |
425 | 70 | No |
702 | 90 | Yes |
725 | 85 | Yes |
509 | 80 | No |
450 | 74 | No |
378 | 70 | No |
433 | 69 | No |
467 | 71 | No |
679 | 82 | Yes |
701 | 80 | Yes |
529 | 83 | No |
599 | 92 | No |
543 | 90 | No |
432 | 80 | No |
375 | 70 | No |
690 | 70 | Yes |
734 | 85 | Yes |
465 | 74 | No |
401 | 68 | No |
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