(Solved): FC.82 The Cocoa Bean sells hot chocolate during the year. This is shown in the following table: Wha ...
FC.82 The Cocoa Bean sells hot chocolate during the year. This is shown in the following table: What would the December sales forecast be if the average temperature that month was projected to be 19? (Display your answer to two decimal places.) What is the r-value (correlation coefficient) for this set of data? (Display your answer to two decimal places. If you get a negative number then put a minus sign before your number.) The correlation coefficient (from the previous question) indicates that as temperature goes UP, sales tend to go: DOWN UP The Cocoa Bean has determined that the magnitude of a correlation coefficient (whether positive or negative) is considered strong if it is 0.70 or more, moderate if it is between 0.40 and 0.69 , and weak/none if it is below 0.40 . Based on your analysis, the correlation between temperature and hot chocolate sales is: Strong Moderate Weak/None