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The information provided on the "Cruffins" worksheet in the data pack can be used to estimate the number of cruffins sold by a coffee shop per day according to the following linear relationship: Number of Cruffins Sold = a+ B(Price) (Regression Equation) a. Using a 5% significance level, conduct an appropriate hypothesis test to determine whether price has a significant negative impact on the number of cruffins sold by a coffee shop per day. o. Calculate and interpret the value of R².

The information provided on the "Cruffins" worksheet in the data pack can be used to estimate the number of cruffins sold by a coffee shop per day according to the following linear relationship: Number of Cruffins Sold = a+ B(Price) (Regression Equation) a. Using a 5% significance level, conduct an appropriate hypothesis test to determine whether price has a significant negative impact on the number of cruffins sold by a coffee shop per day. o. Calculate and interpret the value of R².

MATLAB: An Introduction with Applications
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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The information provided on the "Cruffins" worksheet in the data pack can be used to estimate the number of cruffins sold by a coffee shop per day according to the following linear relationship: Number of Cruffins Sold = a+ B(Price) (Regression Equation) a. Using a 5% significance level, conduct an appropriate hypothesis test to determine whether price has a significant negative impact on the number of cruffins sold by a coffee shop per day. b. Calculate and interpret the value of R². Price Number of Cruffins Sold 4.00 375 4.09 364 4.20 326 4.25 339 4.29 345 4.39 319 4.45 308 4.49 307 4.60 293 4.69 294 4.75 281 4.79 293 4.89 276 5.00 274 5.09 273 5.19 268 5.25 270 5.29 266 5.39 265 5.49 268
Transcribed Image Text:The information provided on the "Cruffins" worksheet in the data pack can be used to estimate the number of cruffins sold by a coffee shop per day according to the following linear relationship: Number of Cruffins Sold = a+ B(Price) (Regression Equation) a. Using a 5% significance level, conduct an appropriate hypothesis test to determine whether price has a significant negative impact on the number of cruffins sold by a coffee shop per day. b. Calculate and interpret the value of R². Price Number of Cruffins Sold 4.00 375 4.09 364 4.20 326 4.25 339 4.29 345 4.39 319 4.45 308 4.49 307 4.60 293 4.69 294 4.75 281 4.79 293 4.89 276 5.00 274 5.09 273 5.19 268 5.25 270 5.29 266 5.39 265 5.49 268
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