Examlex

Solved

The Concessions Manager at a Beachside Park Recorded the High E(y)=β0+β1x1+β2x2E ( y ) = \beta _ { 0 } + \beta _ { 1 } x _ { 1 } + \beta _ { 2 } x _ { 2 }

question 69

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.  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.     a. Fit the model  E ( y ) = \beta _ { 0 } + \beta _ { 1 } x _ { 1 } + \beta _ { 2 } x _ { 2 }  to the data, letting  y  represent the number of bottles of water sold,  x _ { 1 }  the temperature, and  x _ { 2 }  the number of people at the park. b. Find the  95 \%  confidence interval for the mean number of bottles of water sold when the temperature is  84 ^ { \circ } \mathrm { F }  and there are 2700 people at the park. c. Find the  95 \%  prediction interval for the number of bottles of water sold when the temperature is  84 ^ { \circ } \mathrm { F }  and there are 2700 people at the park.


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:

Manufacturing Overhead

All indirect costs associated with manufacturing, excluding direct materials and direct labor, such as utilities, depreciation, and maintenance of factory equipment.

Predetermined Overhead Rate

An estimated rate used to allocate manufacturing overhead costs to products or services.

Manufacturing Cost

All expenses directly related to the production of goods, including raw materials, labor, and factory overhead.

Machine-Hours

A measure of production time, indicating the total hours that machines are operating in the manufacturing process.

Related Questions