Question: Recognizing the difference between coffee and tea drinkers, a popular Canadian franchise, Jim Thorton's, is looking to open a specialty line of shops that cater

Recognizing the difference between coffee and teaRecognizing the difference between coffee and tea

Recognizing the difference between coffee and teaRecognizing the difference between coffee and tea

Recognizing the difference between coffee and tea drinkers, a popular Canadian franchise, Jim Thorton's, is looking to open a specialty line of shops that cater to coffee drinkers or tea drinkers, not both. The executive team has contracted you, as statistics consultant, to help make the decision. You have collected data on the market for coffee and tea for the past 23 years. The data is the annual litres per person that has been consumed in Ontario. You will write a report that includes a one and two variable analysis of the given data and a recommendation to the executive team regarding which type of specialty shop to invest in. Year 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 Tea (L per person) 42.4 42.12 47.61 60.86 55.58 50.61 49.89 56.77 62.53 68.31 69.88 72.99 71.36 90.78 74.7 67.15 67.03 87.83 93.4 Coffee (L per person) 95.85 97.28 87.62 92.04 99.21 95.63 97.42 93.93 95.67 99.25 101.31 101.68 104.02 106.09 105.8 102.15 101.15 104.05 102.7 2013 2014 2015 2016 78.9 111.32 98.39 105.25 105.28 106.3 104.96 103.57 Using the data above make the following calculations 1. Mean 2. Median 3. Modal Interval 4. Range 5. IQR 6. Standard Deviation 7. Distribution of histogram and box plot 8. Slope of each linear model 9. Y-intercept of Coffee vs. Tea 10. Correlation coefficient for each linear model 11. Correlation type (from Activity 5) for coffee and tea

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