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 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. Using the data above make the following calculations Mean Median Modal Interval . Range IQR . Standard Deviation Distribution of histogram and box plot . Slope of each linear model . Yintercept of Coffee vs. Tea 10. Correlation coefficient for each linear model 11. Correlation type (from Activity 5) for coffee and tea 0009:1945pr
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
