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Exhibit 16-4.The following data shows the cooling temperatures of a freshly brewed cup of coffee after it is poured from the brewing pot into a serving cup.The brewing pot temperature is approximately 180º F;see http://mathbits.com/mathbits/tisection/statistics2/exponential.htm For the assumed exponential model ln(Temp) = β0 + β1Time + ε,the following Excel regression partial output is available.
Refer to Exhibit 16-4.What is the percentage of variations in ln(Temp) explained by Time?
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