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 y =2493.30- 10.32x. 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 2. Fill in the blank: According to the regression equation, for an increase of one degree in temperature, there is a corresponding of 10.32 dollars in coffee sales. Choose one v 3. What was the observed coffee sales value (in dollars) when the temperature was 74.0 degrees Fahrenheit? 4. From the regression equation, what is the predicted coffee sales value (in dollars) when the temperature is 74.0 degrees Fahrenheit? (Round your answer to at least one decimal place.)

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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 y =2493.30-10.32x. 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
2. Fill in the blank: According to the regression equation, for an
increase of one degree in temperature, there is a corresponding
Choose one v
of 10.32 dollars in coffee sales.
3. What was the observed coffee sales value (in dollars) when the
temperature was 74.0 degrees Fahrenheit?
4. From the regression equation, what is the predicted coffee sales
value (in dollars) when the temperature is 74.0 degrees Fahrenheit?
(Round your answer to at least one decimal place.)
Continue
Submit Ass
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P Type here to search
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Transcribed Image Text: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 y =2493.30-10.32x. 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 2. Fill in the blank: According to the regression equation, for an increase of one degree in temperature, there is a corresponding Choose one v of 10.32 dollars in coffee sales. 3. What was the observed coffee sales value (in dollars) when the temperature was 74.0 degrees Fahrenheit? 4. From the regression equation, what is the predicted coffee sales value (in dollars) when the temperature is 74.0 degrees Fahrenheit? (Round your answer to at least one decimal place.) Continue Submit Ass O 2021 McGraw-Hill Education. All Rights Reserved. Terms of Use | PrivacyI P Type here to search 99+
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 sixteen 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)
71.5
1970.9
58.7
1953.9
53.7
1791.1
2400+
83.0
1570.3
2200+
62.8
1852.7
74.6
1633.6
2000-
**
40.4
1973.9
1800-
51.5
2250.9
44.6
1808.5
1600-
45.5
1977.3
1400-
45.6
2190.5
1200
69.4
1789.1
55.0
1598.2
50
70
80
90
40.6
2272.0
74.0
1937.0
Figure 1
76.6
1547.1
Send data to Excel
Continue
Submit Assignment
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here to search
99+
5
4.
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 sixteen 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) 71.5 1970.9 58.7 1953.9 53.7 1791.1 2400+ 83.0 1570.3 2200+ 62.8 1852.7 74.6 1633.6 2000- ** 40.4 1973.9 1800- 51.5 2250.9 44.6 1808.5 1600- 45.5 1977.3 1400- 45.6 2190.5 1200 69.4 1789.1 55.0 1598.2 50 70 80 90 40.6 2272.0 74.0 1937.0 Figure 1 76.6 1547.1 Send data to Excel Continue Submit Assignment O 2021 McGraw-Hill Education. All Rights Reserved. Terms of Use Privacy Accessibility here to search 99+ 5 4.
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