Question: The information provided on the Cruffins worksheet in the data pack can be used to estimate the number of cruffins sold by a coffee shop


The information provided on the Cruffins worksheet in the data pack can be used to estimate the number of cruffins sold by a coffee shop per day according to the following linear relationship: Number of Cruffins Sold =a+B(Price) (Regression Equation) a. Using a 5% significance level, conduct an appropriate hypothesis test to determine whether price has a significant negative impact on the number of cruffins sold by a coffee shop per day. b. Calculate and interpret the value of R. Price 4.00 Number of Cruffins Sold 375 364 326 4.09 4.20 4.25 339 4.29 345 4.39 319 4.45 308 4.49 307 4.60 293 294 4.69 4.75 4.79 281 293 4.89 276 5.00 274 273 5.09 5.19 268 5.25 270 5.29 266 265 5.39 5.49 268
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