Pop-up coffee vendors have been popular in the city of Adelaide in 2013. A vendor is interested in knowing how temperature (in degrees Celsius) impacts daily hot coffee sales revenue (in $00's).
A random sample of 6 days was taken, with the daily hot coffee sales revenue and the corresponding temperature of that day noted. $$\begin{array} { | c | c | }
\hline \text { Coffee sales revenue } & \text { Temperature } \
\hline 6.50 & 25 \
\hline 10.00 & 17 \
\hline 5.50 & 30 \
\hline 4.50 & 35 \
\hline 3.50 & 40 \
\hline 28.00 & 9 \
\hline
\end{array}$$ Calculate and interpret a 95% confidence interval for the population slope.

Question

Pop-up coffee vendors have been popular in the city of Adelaide in 2013. A vendor is interested in knowing how temperature (in degrees Celsius) impacts daily hot coffee sales revenue (in $00's).
A random sample of 6 days was taken, with the daily hot coffee sales revenue and the corresponding temperature of that day noted. $$\begin{array} { | c | c | } 
\hline \text { Coffee sales revenue } & \text { Temperature } \
\hline 6.50 & 25 \
\hline 10.00 & 17 \
\hline 5.50 & 30 \
\hline 4.50 & 35 \
\hline 3.50 & 40 \
\hline 28.00 & 9 \
\hline
\end{array}$$ Calculate and interpret a 95% confidence interval for the population slope.

Quizplus · Accepted Answer

The Answer of Pop-up coffee vendors have been popular in the city of Adelaide in 2013. A vendor is interested in knowing how temperature (in degrees Celsius) impacts daily hot coffee sales revenue (in $00's).
A random sample of 6 days was taken, with the daily hot coffee sales revenue and the corresponding temperature of that day noted. $$\begin{array} { | c | c | } 
\hline \text { Coffee sales revenue } & \text { Temperature } \
\hline 6.50 & 25 \
\hline 10.00 & 17 \
\hline 5.50 & 30 \
\hline 4.50 & 35 \
\hline 3.50 & 40 \
\hline 28.00 & 9 \
\hline
\end{array}$$ Calculate and interpret a 95% confidence interval for the population slope.

Pop-Up Coffee Vendors Have Been Popular in the City of Adelaide