Calculate the value of the sample correlation coefficient

Assignment Help Mathematics
Reference no: EM1321058

Question: The marketing manager of a large supermarket chain would like to use shelf space to predict the sales of pet food.  For a random sample of twelve similar stores, she gathered the following information regarding the shelf space, in feet, devoted to pet food & the weekly sales in hundreds of dollars.

Store

1

2

3

4

5

6

Shelf Space (X)

5

5

5

10

10

10

Weekly Sales (Y)

1.6

2.2

1.4

1.9

2.4

2.6

 

Store

7

8

9

10

11

12

Shelf Space (X)

15

15

15

20

20

20

Weekly Sales (Y)

2.3

2.7

2.8

2.6

2.9

3.1

Calculate the value of the sample correlation coefficient between weekly sales & shelf space.

[A] 0.652
[B] 0.308
[C] 0.684
[D] 0.827

 

 

 

 

Reference no: EM1321058

Questions Cloud

The difference exists between the mean number : The difference exists between the mean number
Calculate the value of the sample test statistic : Calculate the value of the sample test statistic
Find the p value associated with the test of hypothesis : Find the p-value associated with the test of hypothesis
The mean bone marrow micro vessel density : At the .01 level of significance, is there sufficient evidence to conclude that the mean bone marrow micro vessel density is higher before the stem cell transplant than after the stem cell transplant?
Calculate the value of the sample correlation coefficient : Calculate the value of the sample correlation coefficient between weekly sales & shelf space.
The correlation between weekly sales and shelf space : The correlation between weekly sales and shelf space.
Minimizing the cost : Minimizing the cost
Find the type ii error value : Find the Type II error value.
Find the true mean completion time of the task : Find the true mean completion time of the task

Reviews

Write a Review

Mathematics Questions & Answers

  Recurrence relations with complex characteristic roots

Recurrence relations with complex characteristic roots

  State the null & alternative hypotheses in words

State the null & alternative hypotheses in words

  Find the upper & lower confidence limit

Find the upper & lower confidence limit.

  Find the number of committees

Find the number of committees from the given information - How many 5 card poker hands can be performed from a deck of 52 cards?

  Evaluate the equations of the tangent lines

Evaluate the equations of the tangent lines to the graphs of f and g at the critical number found. Graph the tangent lines. What is the relationship between the lines?

  Determine qualitatively different regimes of growth

Find the three qualitatively different regimes of growth from the given data - formulation to distinguish and describe three qualitatively different regimes of growth

  Trigonometric function to estimate the exact value

Trigonometric function to estimate the exact value.

  Using anova to test mean difference

Using ANOVA to test mean difference

  Probability based on normal distribution

Probability based on normal distribution.

  Graphical method

Formulate the above as linear programming problem. Solve (a) by graphical method.  Solve using simplex method.

  Find the median score

Find the median score

  What proportion is between 150 and 140 centimeters

What proportion is between 150 and 140 centimeters

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd