Pop-Up Coffee Vendors Have Been Popular in the City of Adelaide

question 47

Essay

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) and number of different pastries and biscuits offered to customers 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 and number of different pastries and biscuits offered on that day, noted.
Excel output for a multiple linear regression is given below: $$\begin{array} { | c | c | r | } \hline \text { Coffee sales revenue } & \text { Temperature } & \text { Pastries/biscuits } \\\hline 6.5 & 25 & 7 \\\hline 10 & 17 & 13 \\\hline 5.5 & 30 & 5 \\\hline 4.5 & 35 & 6 \\\hline 3.5 & 40 & 3 \\\hline 28 & 9 & 15 \\\hline\end{array}$$ Comment on the difference between the coefficient of determination and the Adjusted coefficient of determination.

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Definitions:

Questionnaire

A set of written questions used for gathering information from respondents.

Respondents

Individuals or entities that provide answers or responses to surveys, questionnaires, interviews, or other forms of inquiry.

Random Sample

A subset of individuals chosen from a larger set, or population, where each individual has an equal chance of being selected.

Equal Chance

The principle of providing everyone with the same opportunity without discrimination or preference.