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Answer:
We have to find the equation of least squares regression line in order to find the number of ice cream cones that the shopkeeper to sell if the temperature is 106 degrees. We can use excel regression data analysis tool to find the equation of the regression line. The excel output is attached here.
The equation of the least squares regression line is:
Now, if the temperature is 106 degrees, then the number of cones expected to be sold is given below:
Therefore, the number of ice cream cones that the shopkeeper would expect to sell if the temperature is 106 degrees is 585.
Options:
Who is right, and why?
a. Neither Kurt nor Maria is right, because 3,500 should be used instead of 3,600.
b. Kurt is right, because finding 1/5 of 3,600 is not a good way to approximate 21% of 3,585.
c. Maria is right, because finding 10% of 3,600 and multiplying the result by 2 is not a good way to approximate 21% of 3,585.
d. Both Kurt and Maria are right, because 3,585 should be rounded up to 3,600, and 21% of this amount can be approximated by either finding 10% of 3,600 and multiplying the result by 2 or by finding 1/5 of 3,600.
Answer:
d. Both Kurt and Maria are right, because 3,585 should be rounded up to 3,600, and 21% of this amount can be approximated by either finding 10% of 3,600 and multiplying the result by 2 or by finding 1/5 of 3,600.
Step-by-step explanation:
Given
Required [Missing from the question]
Who is correct and why?
First, we calculate the actual amount collected.
--- approximate
Next, determine the estimate (round 3585 to 3600 and 21% to 20%)
Next, calculate Kurt and Maria's estimates
<em>Hence, Kurt and Maria are correct because of option (d)</em>