Examlex

Solved

The Concessions Manager at a Beachside Park Recorded the High

question 111

Essay

The concessions manager at a beachside park recorded the high temperature, the number of people at the park, and the number of bottles of water sold for each of 12 consecutive saturdays. The data are shown below.  Bottles Sold  Temperature (F) People 341731625425792100457802125485802800469812550395821975511832675549832800543852850537882775621892800897913100\begin{array} { c c c } \hline \text { Bottles Sold } & \text { Temperature } \left( { } ^ { \circ } \mathrm { F } \right) & \text { People } \\\hline 341 & 73 & 1625 \\425 & 79 & 2100 \\457 & 80 & 2125 \\485 & 80 & 2800 \\469 & 81 & 2550 \\395 & 82 & 1975 \\511 & 83 & 2675 \\549 & 83 & 2800 \\543 & 85 & 2850 \\537 & 88 & 2775 \\621 & 89 & 2800 \\897 & 91 & 3100 \\\hline\end{array} a. Fit the model E(y)=β0+β1x1+β2x2E ( y ) = \beta _ { 0 } + \beta _ { 1 } x _ { 1 } + \beta _ { 2 } x _ { 2 } to the data, letting yy represent the number of bottles of water sold, x1x _ { 1 } the temperature, and x2x _ { 2 } the number of people at the park.
b. Find the 95%95 \% confidence interval for the mean number of bottles of water sold when the temperature is 84F84 ^ { \circ } \mathrm { F } and there are 2700 people at the park.
c. Find the 95%95 \% prediction interval for the number of bottles of water sold when the temperature is 84F84 ^ { \circ } \mathrm { F } and there are 2700 people at the park.


Definitions:

Sold Separately

Items or services not included with the primary product and must be purchased independently.

Infringement Suit

A legal case brought against an individual or company for violating a patent, copyright, trademark, or other intellectual property rights.

Legal Expenses

Costs incurred by a business for legal services, such as attorney fees and court costs.

Goodwill

An intangible asset that arises when a business is acquired for more than the fair value of its net identifiable assets, representing the company's reputation, brand, or similar factors.

Related Questions