To determine whether the revenue made trom selling ice creams in a smal shop (in USD) and the temperature (in Celcius degrees) are related,a researcher decides to employ the simple linear regression analysis. Using a random set of days in which the temperature varies between 20and 35, she comes up with the following regression line:Ice Cream Revenue- 200 90 TemperatureBased on this analysis, what can she conclude?O A)At 20 Celcius degrees. the shop owner can xpect to sell 5000 USDO B)AI 30 Celoius degrees, the shop owner can expect to sel 2000 usDO C)As the temperature goes up by one degree Celoius, the revenue increases by approximately 00%OD)On average ce cream revenue is about 200 USD when the temperature is O degrees CelcusO E)As the temperature goes up by one degree Celcius. the reverue inereases by approximately 200 USD.

Answer: C (As the temperature goes up by one degree the revenue increases by approximately 90 units)…

To determine whether the revenue made fromm selling ice creams in a small shop (in USD) and the temperature (in Celcius degrees) are related, a researcher decides to employ the simple linear regression analysis. Using a random set of days in which the temperature varies between 20 and 35, she comes up with the following regression line: Ice Cream Revenue 200 + 90 Temperature Based on this analysis, what can she conclude? OAJA 20 Celcius degrees. the shop owner can xpect to sell 5000 USD B)AI 30 Celoius degrees, the shop owner can expect to se 2000 usD O C)As the temperature goes up by one degree Celolus, the revenue increases by approximately 00% O D)on average ce prem revenue is about 200 U3D when the temperature is degrees Celcus OE)As the temperature goes up by one degree Celcius. the reverue increases by approximately 200 USD

To determine whether the revenue made fromm selling ice creams in a small shop (in USD) and the temperature (in Celcius degrees) are related, a researcher decides to employ the simple linear regression analysis. Using a random set of days in which the temperature varies between 20 and 35, she comes up with the following regression line: Ice Cream Revenue 200 + 90 Temperature Based on this analysis, what can she conclude? OAJA 20 Celcius degrees. the shop owner can xpect to sell 5000 USD B)AI 30 Celoius degrees, the shop owner can expect to se 2000 usD O C)As the temperature goes up by one degree Celolus, the revenue increases by approximately 00% O D)on average ce prem revenue is about 200 U3D when the temperature is degrees Celcus OE)As the temperature goes up by one degree Celcius. the reverue increases by approximately 200 USD

MACROECONOMICS FOR TODAY

10th Edition

ISBN:9781337613057

Author:Tucker

Publisher:Tucker

Chapter1: Introducing The Economic Way Of Thinking

Section1.A: Applying Graphics To Economics

Problem 1SQ

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