Consider the following data that is relevant for this decision: Year Tea (L per person) Coffee (L per person) 1994 42.4 95.85 1995 42.12 97.28 1996 47.61 87.62 1997 60.86 92.04 1998 55.58 99.21 1999 50.61 95.63 2000 49.89 97.42 2001 56.77 93.93 2002 62.53 95.67 2003 68.31 99.25 2004 69.88 101.31 2005 72.99 101.68 2006 71.36 104.02 2007 90.78 106.09 2008 74.7 105.8 2009 67.15 102.15 2010 67.03 101.15 2011 87.83 104.05 2012 93.4 102.7 2013 78.9 105.28 2014 111.32 106.3 2015 98.39 104.96 2016 105.25 103.57 Create scatter plots for Coffee vs. Year and Tea vs. Year and Coffee vs. Tea. Create and record the lines of best fit for each and the correlation coefficient.
Consider the following data that is relevant for this decision: Year Tea (L per person) Coffee (L per person) 1994 42.4 95.85 1995 42.12 97.28 1996 47.61 87.62 1997 60.86 92.04 1998 55.58 99.21 1999 50.61 95.63 2000 49.89 97.42 2001 56.77 93.93 2002 62.53 95.67 2003 68.31 99.25 2004 69.88 101.31 2005 72.99 101.68 2006 71.36 104.02 2007 90.78 106.09 2008 74.7 105.8 2009 67.15 102.15 2010 67.03 101.15 2011 87.83 104.05 2012 93.4 102.7 2013 78.9 105.28 2014 111.32 106.3 2015 98.39 104.96 2016 105.25 103.57 Create scatter plots for Coffee vs. Year and Tea vs. Year and Coffee vs. Tea. Create and record the lines of best fit for each and the correlation coefficient.
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
Related questions
Question
Consider the following data that is relevant for this decision:
|
Year |
Tea |
Coffee |
|---|---|---|
|
1994 |
42.4 |
95.85 |
|
1995 |
42.12 |
97.28 |
|
1996 |
47.61 |
87.62 |
|
1997 |
60.86 |
92.04 |
|
1998 |
55.58 |
99.21 |
|
1999 |
50.61 |
95.63 |
|
2000 |
49.89 |
97.42 |
|
2001 |
56.77 |
93.93 |
|
2002 |
62.53 |
95.67 |
|
2003 |
68.31 |
99.25 |
|
2004 |
69.88 |
101.31 |
|
2005 |
72.99 |
101.68 |
|
2006 |
71.36 |
104.02 |
|
2007 |
90.78 |
106.09 |
|
2008 |
74.7 |
105.8 |
|
2009 |
67.15 |
102.15 |
|
2010 |
67.03 |
101.15 |
|
2011 |
87.83 |
104.05 |
|
2012 |
93.4 |
102.7 |
|
2013 |
78.9 |
105.28 |
|
2014 |
111.32 |
106.3 |
|
2015 |
98.39 |
104.96 |
|
2016 |
105.25 |
103.57 |
- Create scatter plots for Coffee vs. Year and Tea vs. Year and Coffee vs. Tea.
- Create and record the lines of best fit for each and the correlation coefficient.
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