We are interested in determining if the temperature affects ice cream sales. The following data from 10 days is provided Sales Temperature 58 53 59 65 215 185 332 406 72 522 67 77 412 614 74 544 65 421 445 73 a. Which one is the independent variable and which one is the dependent variable? b. Find b,. c. Find bo-

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**Investigating the Relationship Between Temperature and Ice Cream Sales**

We are interested in determining if the temperature affects ice cream sales. The following data from 10 days is provided:

| Temperature | Sales |
|-------------|-------|
| 58          | 215   |
| 53          | 185   |
| 59          | 332   |
| 65          | 406   |
| 72          | 522   |
| 67          | 412   |
| 77          | 614   |
| 74          | 544   |
| 65          | 421   |
| 73          | 445   |

**Analysis Questions:**

a. **Identify Variables:**
   - Which one is the independent variable and which one is the dependent variable?

b. **Calculate the Slope (b₁):**
   - Find \( b_1 \).

c. **Calculate the Intercept (b₀):**
   - Find \( b_0 \).

d. **Total Sum of Squares (SST):**
   - Find SST.

e. **Regression Sum of Squares (SSR):**
   - Find SSR.

f. **Error Sum of Squares (SSE):**
   - Find SSE.

g. **Coefficient of Determination:**
   - Find the coefficient of determination.

h. **Correlation Coefficient:**
   - Find the correlation coefficient.

i. **Variance of Residuals (s²):**
   - Find \( s^2 \).

j. **Test Statistic for Slope (b₁):**
   - Find the test statistic for testing if \( b_1 \) is significant or not.

k. **Conclusion Based on Test Statistic:**
   - What conclusion would you make based on the test statistic found above (use a 0.05 confidence level)?

l. **95% Confidence Interval for Slope (b₁):**
   - Find the 95% confidence interval for \( b_1 \).

m. **Expected Sales at 80 Degrees:**
   - Assuming the temperature is 80, how much would you expect ice cream sales to be?

n. **90% Confidence Interval for Expected Sales at 80 Degrees:**
   - Assuming the temperature is 80, what is the 90% confidence interval for the expected ice cream sales?

o. **90% Prediction Interval for Expected Sales at 80 Degrees:**
   -
Transcribed Image Text:**Investigating the Relationship Between Temperature and Ice Cream Sales** We are interested in determining if the temperature affects ice cream sales. The following data from 10 days is provided: | Temperature | Sales | |-------------|-------| | 58 | 215 | | 53 | 185 | | 59 | 332 | | 65 | 406 | | 72 | 522 | | 67 | 412 | | 77 | 614 | | 74 | 544 | | 65 | 421 | | 73 | 445 | **Analysis Questions:** a. **Identify Variables:** - Which one is the independent variable and which one is the dependent variable? b. **Calculate the Slope (b₁):** - Find \( b_1 \). c. **Calculate the Intercept (b₀):** - Find \( b_0 \). d. **Total Sum of Squares (SST):** - Find SST. e. **Regression Sum of Squares (SSR):** - Find SSR. f. **Error Sum of Squares (SSE):** - Find SSE. g. **Coefficient of Determination:** - Find the coefficient of determination. h. **Correlation Coefficient:** - Find the correlation coefficient. i. **Variance of Residuals (s²):** - Find \( s^2 \). j. **Test Statistic for Slope (b₁):** - Find the test statistic for testing if \( b_1 \) is significant or not. k. **Conclusion Based on Test Statistic:** - What conclusion would you make based on the test statistic found above (use a 0.05 confidence level)? l. **95% Confidence Interval for Slope (b₁):** - Find the 95% confidence interval for \( b_1 \). m. **Expected Sales at 80 Degrees:** - Assuming the temperature is 80, how much would you expect ice cream sales to be? n. **90% Confidence Interval for Expected Sales at 80 Degrees:** - Assuming the temperature is 80, what is the 90% confidence interval for the expected ice cream sales? o. **90% Prediction Interval for Expected Sales at 80 Degrees:** -
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