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Topic 7 Homework (Nonadaptive) Question 7 of 16 (1 point)|Question Attempt: 1 of Unlimited

Dennis

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 Question 7 You are the owner of Fast Break, a popular local place that sells drinks, snacks, and sandwiches. For inventory management purposes, you are examining how the weather affects the amount of hot chocolate sold in a day. You are going to gather a random sample of 9 days showing that day's high temperature (denoted by x, in °C) and the amount of hot chocolate sold that day (denoted by y, in liters). You will also note the product ·xy of the temperature and amount of hot chocolate sold for each day. (These products are written in the row labeled "xy"). (a)Click on "Take Sample" to see the results for your random sample.

Take Sample High temperature, x (in °C) 12 18 23 7 29 12 23 3 15 Amount of hot chocolate sold, y (in liters) 10 7 11 16 5 15 8 18 12 xy 120 126 253 112 145 180 184 54 180

Send data to calculator

Based on the data from your sample, enter the indicated values in the column on the left below. Round decimal values to three decimal places. When you are done, select "Compute". (In the table below, n is the sample size and the symbol Σxy means the sum of the values xy.)

n: x: y: sx: sy: Σxy:

Compute Sample correlation coefficient (r): Slope (b1): y-intercept (b0):

(b)Write the equation of the least-squares regression line for your data. Then on the scatter plot for your data, graph this regression equation by plotting two points and then drawing the line through them. Round each coordinate to three decimal places. Regression equation: y=

Amount of hot chocolate sold (in liters) y24681012141618202224x3691215182124273033360

High temperature (in °C)

(c)Use your regression equation to predict the amount of hot chocolate sold on a day with a high temperature of 19 °C. Round your answer to the nearest whole number. Predicted amount of hot chocolate sold: 19liters

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Solution

Let's break down how to solve this problem step by step, given the data provided:

Given Data:

  • High temperature, xx (in °C): 12, 18, 23, 7, 29, 12, 23, 3, 15
  • Amount of hot chocolate sold, yy (in liters): 10, 7, 11, 16, 5, 15, 8, 18, 12
  • Product, xyxy: 120, 126, 253, 112, 145, 180, 184, 54, 180

Step 1: Calculate Required Sums

Let's calculate the following values:

  1. nn: The sample size (number of data points), which is 9.
  2. x\sum x: Sum of all xx-values.
  3. y\sum y: Sum of all yy-values.
  4. x2\sum x^2: Sum of squares of xx-values.
  5. y2\sum y^2: Sum of squares of yy-values.
  6. xy\sum xy: Sum of the products xyxy.

Calculations:

  1. n=9n = 9

  2. x=12+18+23+7+29+12+23+3+15=142\sum x = 12 + 18 + 23 + 7 + 29 + 12 + 23 + 3 + 15 = 142

  3. y=10+7+11+16+5+15+8+18+12=102\sum y = 10 + 7 + 11 + 16 + 5 + 15 + 8 + 18 + 12 = 102

  4. x2=122+182+232+72+292+122+232+32+152\sum x^2 = 12^2 + 18^2 + 23^2 + 7^2 + 29^2 + 12^2 + 23^2 + 3^2 + 15^2 =144+324+529+49+841+144+529+9+225=2794= 144 + 324 + 529 + 49 + 841 + 144 + 529 + 9 + 225 = 2794

  5. y2=102+72+112+162+52+152+82+182+122\sum y^2 = 10^2 + 7^2 + 11^2 + 16^2 + 5^2 + 15^2 + 8^2 + 18^2 + 12^2 =100+49+121+256+25+225+64+324+144=1308= 100 + 49 + 121 + 256 + 25 + 225 + 64 + 324 + 144 = 1308

  6. xy=120+126+253+112+145+180+184+54+180=1354\sum xy = 120 + 126 + 253 + 112 + 145 + 180 + 184 + 54 + 180 = 1354

Step 2: Calculate Sample Means

Calculate the means of xx and yy:

  • xˉ=xn=142915.778\bar{x} = \frac{\sum x}{n} = \frac{142}{9} \approx 15.778
  • yˉ=yn=102911.333\bar{y} = \frac{\sum y}{n} = \frac{102}{9} \approx 11.333

Step 3: Calculate the Correlation Coefficient rr

The formula for the correlation coefficient rr is: [ r = \frac{n(\sum xy) - (\sum x)(\sum y)}{\sqrt{[n(\sum x^2) - (\sum x)^2][n(\sum y^2) - (\sum y)^2]}} ] Plug in the values: [ r = \frac{9(1354) - (142)(102)}{\sqrt{[9(2794) - 142^2][9(1308) - 102^2]}} ] [ r = \frac{12186 - 14484}{\sqrt{[25146 - 20164][11772 - 10404]}} ] r=12984982×13681298681585612982611.490.497r = \frac{-1298}{\sqrt{4982 \times 1368}} \approx \frac{-1298}{\sqrt{6815856}} \approx \frac{-1298}{2611.49} \approx -0.497

Step 4: Calculate the Slope b1b_1

The formula for the slope b1b_1 is: b1=n(xy)(x)(y)n(x2)(x)2b_1 = \frac{n(\sum xy) - (\sum x)(\sum y)}{n(\sum x^2) - (\sum x)^2} b1=9(1354)(142)(102)9(2794)1422b_1 = \frac{9(1354) - (142)(102)}{9(2794) - 142^2} b1=12186144842514620164129849820.261b_1 = \frac{12186 - 14484}{25146 - 20164} \approx \frac{-1298}{4982} \approx -0.261

Step 5: Calculate the Y-Intercept b0b_0

The formula for the y-intercept b0b_0 is: b0=yˉb1xˉb_0 = \bar{y} - b_1 \bar{x} b0=11.333(0.261)(15.778)11.333+4.11415.447b_0 = 11.333 - (-0.261)(15.778) \approx 11.333 + 4.114 \approx 15.447

Step 6: Write the Regression Equation

The regression equation is: y=0.261x+15.447y = -0.261x + 15.447

Step 7: Predict Hot Chocolate Sales for 19°C

Substitute x=19x = 19 into the regression equation: y=0.261(19)+15.4474.959+15.44710.488y = -0.261(19) + 15.447 \approx -4.959 + 15.447 \approx 10.488 Rounding to the nearest whole number, the predicted amount of hot chocolate sold is approximately 10 liters.


Would you like more details or have any questions?

Here are five related questions:

  1. How does the correlation coefficient interpret the relationship between temperature and hot chocolate sales?
  2. How do you determine if the regression model is a good fit for the data?
  3. What is the significance of a negative slope in the regression equation?
  4. How would adding more data points affect the correlation and regression line?
  5. What other factors might influence hot chocolate sales besides temperature?

Tip: Always plot the scatter plot first to visually inspect the relationship between variables before calculating correlation or regression.

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Math Problem Analysis

Mathematical Concepts

Statistics
Regression Analysis
Correlation

Formulas

Correlation coefficient (r) formula: r = [n(Σxy) - (Σx)(Σy)] / sqrt{[n(Σx²) - (Σx)²][n(Σy²) - (Σy)²]}
Slope (b₁) formula: b₁ = [n(Σxy) - (Σx)(Σy)] / [n(Σx²) - (Σx)²]
Y-intercept (b₀) formula: b₀ = ȳ - b₁x̄
Regression equation: y = b₁x + b₀

Theorems

Least-Squares Regression Line
Pearson Correlation Coefficient

Suitable Grade Level

Grades 10-12