Question: Use the data in the accompanying table. The data come from a study of ice cream consumption that spanned the springs and summers of three
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a. Use a 0.05 significance level to test for a linear correlation between consumption and temperature. »
b. Find the equation of the regression line that expresses consumption (y) in terms of temperature (x).
c. What is the best predicted consumption amount if the temperature is 0°C?
Consumption 0.219 0.212 0.223 0.241 0.231 0.195 0.186 0.164 0.153 0.145 Price 2.38 2.48 2.45 2.46 2.39 2.3 2.43 2.36 2.34 2.45 554 20 Based on data from Kadiyala, Econometrica, Vol. 38 Incomme 540 548 562 527 540 568 548 527 548 Temperature 5 13 17 21 18 16
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n 10 nxy xy 1024531 1141969 20844 x 114 nx2 x 2 101984 114 2 1 6844 y 1969 ... View full answer
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