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Question
john sells frozen fruit bars at a stand in a park during the summer months. he records the average weekly temperature and number of frozen fruit bars sold for 6 weeks.
what type of correlation exists between the temperature and the number of fruit bars sold?
what is the real - world meaning of the slope of the line of best fit for the given scenario?
there are approximately more fruit bars sold for every degree(s) the temperature rises.
Step1: Determine the correlation type
As the temperature increases, the number of fruit bars sold generally increases. So, there is a positive correlation.
Step2: Calculate the slope - like concept (using two - point formula for an approximate idea)
Let's take two points \((x_1,y_1)=(67,50)\) and \((x_2,y_2)=(87,100)\). The slope formula is \(m=\frac{y_2 - y_1}{x_2 - x_1}\).
This means for every 1 - degree rise in temperature, approximately 2.5 more fruit bars are sold.
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Positive correlation; 2.5; 1