> > The following regression equation estimates the relationship between the number of cups of hot chocolate sold (H) and number of swimmers (N) at the beach: H=252.8-2.05N (2.06) (-3.05) (t values are shown in parentheses) R^2= 0.45.

The following regression equation estimates the relationship between the number of cups of hot chocolate sold (H) and number of swimmers (N) at the beach: H=252.8-2.05N (2.06) (-3.05) (t values are shown in parentheses) R^2= 0.45.

a) Explain or interpret the regression coefficient of N, the t-valu...

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The following regression equation estimates the relationship between the number of cups of hot chocolate sold (H) and number of swimmers (N) at the beach: H=252.8-2.05N (2.06) (-3.05) (t values are shown in parentheses) R^2= 0.45.

a) Explain or interpret the regression coefficient of N, the t-values, and the coefficient of determination of this equation.
b) How is it possible that more hot chocolate is sold when there are fewer people at the beach?
Does this relationship suggest anything about the specification of the equation?

Answer

H=251.8-2.05n should be the right equation is that what ur asking?

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Virtual Teaching Assistant: Colleen R.
Question Level: Basic
Karma: Free
Upload Date: 5/31/2017

This 85 words question was answered by Colleen R. on StudySoup on 5/31/2017. The question contains content related to Business Since its upload, it has received 89 views.

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