Math Problem Statement
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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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Submit Assignment © 2024 McGraw Hill LLC. All Rights Reserved. Terms of Use | Privacy Center | Accessibility Clears your work. Undoes your last action. Tool to erase one or more objects from the graph. Tool to plot one or more points on the graph by using the arrow keys to navigate. Tool to draw a line on the graph. Tool to plot one or more points on the graph by entering their coordinates.
Solution
Let's break down how to solve this problem step by step, given the data provided:
Given Data:
- High temperature, (in °C): 12, 18, 23, 7, 29, 12, 23, 3, 15
- Amount of hot chocolate sold, (in liters): 10, 7, 11, 16, 5, 15, 8, 18, 12
- Product, : 120, 126, 253, 112, 145, 180, 184, 54, 180
Step 1: Calculate Required Sums
Let's calculate the following values:
- : The sample size (number of data points), which is 9.
- : Sum of all -values.
- : Sum of all -values.
- : Sum of squares of -values.
- : Sum of squares of -values.
- : Sum of the products .
Calculations:
Step 2: Calculate Sample Means
Calculate the means of and :
Step 3: Calculate the Correlation Coefficient
The formula for the correlation coefficient 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]}} ]
Step 4: Calculate the Slope
The formula for the slope is:
Step 5: Calculate the Y-Intercept
The formula for the y-intercept is:
Step 6: Write the Regression Equation
The regression equation is:
Step 7: Predict Hot Chocolate Sales for 19°C
Substitute into the regression equation: 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:
- How does the correlation coefficient interpret the relationship between temperature and hot chocolate sales?
- How do you determine if the regression model is a good fit for the data?
- What is the significance of a negative slope in the regression equation?
- How would adding more data points affect the correlation and regression line?
- 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
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