Ice Cream Sales Narrative

question 3

Short Answer

Ice Cream Sales Narrative
The manager of an ice cream store is interested in examining the relationship between sales of ice cream (in litres per day) and maximum temperature of the day. The vendor records the following data for a random sample of five days in the summer, where y is number of litres of ice cream sold per day and x is maximum temperature, in degrees Celsius, recorded for the day: The following summary information was computed:
-Refer to Ice Cream Sales Narrative. Construct a scatterplot for the data. Do the data appear to be reasonably linear?

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Definitions:

Statement of Cash Flows

A financial report that provides aggregate data regarding all cash inflows and outflows a company receives.

Operating Activities

Operating activities are the day-to-day actions that involve the production, sales, and delivery of a company's products and services, reflected in its cash flow.

Indirect Method

A financial reporting technique used in cash flow statements to adjust net income for changes in non-cash accounts to identify the actual cash inflow or outflow from operating activities.

Cash Dividends

Distributions of a corporation's earnings to shareholders in the form of cash.