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An ice cream shop at Bondi hires an American consultant to e.pdf

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An ice cream shop at Bondi hires an American consultant to estimate a regression equation that may be used to predict sales using the forecasted maximum daily temperature. The consultant produces the following regression model: sales=20+10F,R2=0.4 where F is the forecasted maximum daily temperature in Fahrenheit. Unfortunately, the shop needs a model that accepts temperatures measured in Celsius. If the model was re-estimated using Celsius, what would be the values of: (a) the intercept? (b) the slope term? (c) the R2 ? The formula for converting temperatures in Fahrenheit to Celsius is C=59(F32) In each case, your answers should be accurate to 3 decimal places..

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An ice cream shop at Bondi hires an American consultant to estimate a regression equation that may be used to predict sales using the forecasted maximum daily temperature. The consultant produces the following regression model: sales=20+10F,R2=0.4 where F is the forecasted maximum daily temperature in Fahrenheit. Unfortunately, the shop needs a model that accepts temperatures measured in Celsius. If the model was re-estimated using Celsius, what would be the values of: (a) the intercept? (b) the slope term? (c) the R2 ? The formula for converting temperatures in Fahrenheit to Celsius is C=59(F32) In each case, your answers should be accurate to 3 decimal places.

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An ice cream shop at Bondi hires an American consultant to e.pdf

  • 1. An ice cream shop at Bondi hires an American consultant to estimate a regression equation that may be used to predict sales using the forecasted maximum daily temperature. The consultant produces the following regression model: sales=20+10F,R2=0.4 where F is the forecasted maximum daily temperature in Fahrenheit. Unfortunately, the shop needs a model that accepts temperatures measured in Celsius. If the model was re-estimated using Celsius, what would be the values of: (a) the intercept? (b) the slope term? (c) the R2 ? The formula for converting temperatures in Fahrenheit to Celsius is C=59(F32) In each case, your answers should be accurate to 3 decimal places.