Show detailed steps for maximum partial credit 1. On way to D.G. Cement factory sits the...
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Show detailed steps for maximum partial credit 1. On way to D.G. Cement factory sits the Jhal Chakyaan Restaurant (JCR), which is renowned for its delicious desi-ghee daal. Many truck drivers stop there for a tasty and inexpensive meal. JCR people have noticed that the more trucks that pass to the cement factory, the more their daal sells. As a student of Statistics, you have asked for their data for the past week (given in the adjacent table). Use linear regression to: [8 marks] A. Forecast their sales if the anticipated number of trucks tomorrow will be 2250? B. What about if the estimated trucks will be 1800? C. Is the intercept meaningful? D. Describe the slope in managerial terms? Plates of daal sold 4000 4100 4200 4800 4050 4800 4100 Number of passing trucks 2000 2400 2300 2500 1920 2600 2200 Show detailed steps for maximum partial credit 1. On way to D.G. Cement factory sits the Jhal Chakyaan Restaurant (JCR), which is renowned for its delicious desi-ghee daal. Many truck drivers stop there for a tasty and inexpensive meal. JCR people have noticed that the more trucks that pass to the cement factory, the more their daal sells. As a student of Statistics, you have asked for their data for the past week (given in the adjacent table). Use linear regression to: [8 marks] A. Forecast their sales if the anticipated number of trucks tomorrow will be 2250? B. What about if the estimated trucks will be 1800? C. Is the intercept meaningful? D. Describe the slope in managerial terms? Plates of daal sold 4000 4100 4200 4800 4050 4800 4100 Number of passing trucks 2000 2400 2300 2500 1920 2600 2200
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