Question

Below are the input and results of an OLS linear regression. The Q president of a specialty fruit juice company believed that for every single degree change in average temperature during the summer months, the profit would decline 3%. This informa┬Čtion was used to prepare budgets. The president obtained forecasts of the average summer temperature then requested the budget be adjusted. The table of values presents the raw data for temperatures (Predictor Variable X) and net income (Outcome Variable Y).
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  • CreatedJuly 31, 2015
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