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5 votes
Suppose that you have decided to buy an ice cream truck to go into the ice cream business this

summer instead of getting a summer job. You collected data every day last summer while working

for an ice cream company about the temperature (in °F) and sales (in dollars) for that day as a

way to research for your new business. You decided to fit a regression line and get the following

based off of your data

User Mirrana
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2 Answers

5 votes

Final answer:

The question revolves around statistical analysis, specifically regression, to establish a relationship between temperature and ice cream sales and how to best represent this with a regression line on a graph. It also touches on the concept of correlation versus causation and the importance of recognizing that a third factor may influence both variables.

Step-by-step explanation:

The question asked is related to understanding the relationship between two variables, namely temperature and ice cream sales, using statistical methods such as regression analysis. To determine whether there is a relationship between two variables, we often use statistical tools like correlation and regression. These methods help in assessing the strength and direction of the relationship. Specifically, regression analysis helps in fitting a regression line to data points on a graph, which enables predictions about one variable based on the value of another.

When a regression line is drawn, we look for the best-fit line that represents the trend in the data. The slope of this line would indicate how much change is expected in the dependent variable (e.g., ice cream sales) for a unit change in the independent variable (e.g., temperature). Thus, the slope informs us about the nature of the relationship. However, it is critical to note that correlation does not imply causation, and the increase in both ice cream sales and crime rate with temperature could be attributed to a third factor, such as more people being outdoors.

User Jungeun
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4.9k points
4 votes
Um I'm new to this and I'm not sure what your question is.
User Bob Rivers
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