Pop-up coffee vendors have been popular in the city of Adelaide in 2013. A vendor is interested in knowing how temperatu

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Pop Up Coffee Vendors Have Been Popular In The City Of Adelaide In 2013 A Vendor Is Interested In Knowing How Temperatu 1 (82 KiB) Viewed 99 times

Pop-up coffee vendors have been popular in the city of Adelaide in 2013. A vendor is interested in knowing how temperature (in degrees Celsius) impacts daily hot coffee sales revenue (in $00's). A random sample of 6 days was taken with the daily hot coffee sales revenue and the corresponding temperature of that day noted. SUMMARY OUTPUT Regression Statistics Multiple R 0.8644 0.7472 R Square Adjusted R Square 0.6840 Standard Error 5.2027 Observations 6 ANOVA df SS MS F Significance F 1 320.0617 320.0617 11.8244 0.0263 Regression Residual 4 108.2716 27.0679 Total 5 428.3333 Coefficients Standard Error t Stat P-value Lower 95% Upper 95% Intercept 27.7179 5.6629 4.8946 0.0081 11.9952 43.4406 Temperature -0.6943 0.2019 -3.4387 0.0263 -1.2549 -0.1337 a. Determine the least squares regression line. • b. Interpret the slope.