The owner of an ice cream shop wants to determine whether there is a relationship between ice cream sales and temperature. the owner collects data on temperature and sales for a random sample of 30 days and runs a regression to determine if there is a relationship between temperature (in degrees) and ice cream sales. the p-value for the two-sided hypothesis test is 0.04. how would you interpret the p-value

Step-by-step explanation:

Given that the owner of an ice cream shop wants to determine whether there is a relationship between ice cream sales and temperature. The owner collects data on temperature and sales for a random sample of 30 days and runs a regression to determine if there is a relationship between temperature (in degrees) and ice cream sales.

The null hypothesis would have been slope =0 with alternate slope not equal to 0

This is a two tailed test.  Let alpha = 5%

p value = 0.04(given)

p <0.05 our alpha

Hence we reject null hypothesis.

The p value 0.04 states that it is less than 0.05 which indicates that there should be a linear relationship between temperature and ice cream sales.

step-by-step explanation:

let

we know that

the y-intercept is the y-coordinate of the point when the value of x is equal to zero

so

the y-coordinate of the point a is the y-intercept

the answer part a) is

the value of y-intercept is

part b) find the slope m

we know that

the value of the slope is equal to

substitute the values

therefore

the answer part b) is

the value of the slope is equal to

the general answer is

the slope is

the value of y-intercept is

asdsad

step-by-step explanation: