Answered: Opinions are split about a coffee…

Name: Opinions are split about a coffee company's pumpkin-flavored coffee
Uploaded: 2024-03-20T06:38:58.000Z
Channel: Bartleby
Description: Opinions are split about a coffee company's pumpkin-flavored coffee (PFC). Yet every year over the last five years the consumption of pumpkin-flavored goods has increased. If we look at the numbers, it also becomes clear why a leading coffee comp

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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Opinions are split about a coffee company's pumpkin-flavored coffee (PFC). Yet every year over the last five years the consumption of pumpkin-flavored goods has increased. If we look at the numbers, it also becomes clear why a leading coffee company keeps offering the PFC earlier and earlier every year. According to a magazine, the amount spent by PFC buyers at the coffee company is about 17% higher than non-PFC buyers. The accompanying table shows a random sample of eight consumers, the amount they spend per week, and the number of PFCs purchased per week.

	PFC	Spending
	2	13.88
	7	39.11
	4	19.79
	1	9.84
	3	15.43
	1	21.52
	5	37.39
	3	13.85

Calculate the slope and y-intercept for the regression formula.

The slope is b1=
(Round to three decimal places as needed.)

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