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. Excel regression output given below. (a) Estimate daily hot coffee sales revenue on a day of 38 degrees Celsius.
(b) Is your prediction in part (a) reasonable?

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. Excel regression output given below.  (a) Estimate daily hot coffee sales revenue on a day of 38 degrees Celsius.
(b) Is your prediction in part (a) reasonable?

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. Excel regression output given below.  (a) Estimate daily hot coffee sales revenue on a day of 38 degrees Celsius.
(b) Is your prediction in part (a) reasonable?

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