Suppose a gas station monitors how many bags of ice they sell along with the maximum daily temperature for 100 days. A gas stati
on data analyst plots the data in a scatter plot with temperature, in °F, on the horizontal axis and the number of bags of ice sold on the vertical axis. She calculates a linear correlation coefficient of r = 0.9952 . The mean temperature is 84.1259 °F with a standard deviation of 9.6121 °F. The mean number of ice bags sold is 71.1173 with a standard deviation of 30.2413. Determine the slope, b , and the intercept, a , of the least-squares regression line for this dataset, precise to two decimal places.
1 answer:
You might be interested in