For 8 days last spring, a shopkeeper recorded the number of hours of sunshine, x, and the shop's ice cream sales, y, in hundreds of pounds.
Hours of sunshine, x: 2, 3, 5, 6, 7, 8, 9, 10
Ice cream sales, y (GBP hundreds): 1.2, 1.8, 2.6, 3.0, 3.4, 4.0, 4.5, 4.9
You may use: sum(x) = 50, sum(y) = 25.4, sum(xy) = 184.1, sum(x2) = 368, sum(y2) = 92.26
(a)Calculate the value of the product moment correlation coefficient (PMCC), r, for these data.(3)
(b)Interpret the value of r found in part (a), in context.(1)
(c)Find the equation of the regression line of y on x in the form y = a + bx, giving a and b to 3 significant figures.(4)
(d)Use your regression line to estimate the ice cream sales on a day with 6.5 hours of sunshine, and comment on the reliability of this estimate.(3)
(Total for Question 10 is 11 marks)