Question: The following data were taken from a study relating the Days High Temperature to the Average Amount of Cola Consumed (per capita) in a small

The following data were taken from a study relating the Days High Temperature to the Average Amount of Cola Consumed (per capita) in a small mid-western town.

Observation

Days High Temperature

Average Ounces of Cola Consumed

1

69

67

2

61

49

3

52

46

4

89

88

5

76

94

6

97

96

7

90

82

8

102

110

9

104

103

10

86

81

11

68

62

12

94

84

13

58

56

14

69

76

15

99

94

16

85

87

17

75

78

18

83

80

19

94

116

20

50

69

Given the 20 Observations above, use a Regression Tool like DATA ANALYSIS in Excel and find each of the following: Slope of Regression Equation =

Hint: Value should be between 0.18 and 1.48 Y Intercept for the Regression Equation =

Correlation Coefficient =

(Round to Nearest 100th, e.g., 0.9762123 = 0.98) Coefficient of Determination =

(Round to Nearest 100th, e.g., 0.95299 = 0.95) Using your Regression Equation, Predict Cola Consuption when the High Temperature = 23: ColaConsumption (23)=

Unless otherwise stated, Round all answers to the nearest 100th, e.g., 16.41234 = 16.41 Enter whole numbers like 24 as 24.00

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!