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

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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) 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. Excel regression output given below. $\begin{array} { | c | c | } \hline \text { Coffee sales revenue } & \text { Temperature } \\\hline 6.50 & 25 \\\hline 10.00 & 17 \\\hline 5.50 & 30 \\\hline 4.50 & 35 \\\hline 3.50 & 40 \\\hline 28.00 & 9 \\\hline\end{array}$ $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 $00's). A random sample of 6 days was taken, with the daily hot coffee sales revenue and the corresponding temperature of that day noted. Excel regression output given below. \begin{array} { | c | c | } \hline \text { Coffee sales revenue } & \text { Temperature } \\ \hline 6.50 & 25 \\ \hline 10.00 & 17 \\ \hline 5.50 & 30 \\ \hline 4.50 & 35 \\ \hline 3.50 & 40 \\ \hline 28.00 & 9 \\ \hline \end{array} Test the significance of the slope, against a two-tailed alternative, at the 5% level of significance.$ Test the significance of the slope, against a two-tailed alternative, at the 5% level of significance.

Definitions:

Available Resources

Assets, materials, or information readily at one's disposal or access for use in achieving goals or completing tasks.

Means At Hand

Resources or materials currently available to an individual or organization.

Deliberate Practice

A highly structured activity engaged in with the specific goal of improving performance, characterized by immediate feedback, repetitive tasks, and intense mental focus.

Fitness Venture

A business initiative focused on providing services or products related to physical health and wellness.