Compute sample correlation coefficient for meaning of value

Assignment Help Basic Statistics

Reference no: EM13127548

A marketing analyst is studying the relationship between x = amount spent on television advertising and y = increase in sales. The data are reported in thousands of dollars. The following data represent a ransom sample from the study.

x (advertising) 15 28 19 47 10 92
y (sales increase) 340 260 152 413 130 855

Compute the sample correlation coefficient r. Give a brief explanation of the meaning of this value.

Reference no: EM13127548

Questions Cloud

Bond issue at the time of sale problem : The bonds were quoted at 94 and pay interest quarterly on September 30th and December 31st. What were the total proceeds of the bond issue at the time of sale?

Define nomenclature of alkanes and alkenes : It was originally part of my ebook EVERYTHING YOU NEED TO KNOW ABOUT CHEMICAL NOMENCLATURE. If you want more information or a more complete description to include inorganic compounds please see the ebook section of this website.

Solving systems of equations with complex numbers : Showing all working, solve the following pair of simultaneous equations for i1 and i2, expressing the answers to exact whole numbers:

Basics consolidated statements : If the patent is to be written off over a 10-year period, at what amount should it be reported on consolidated statements at December 31, 2012?

Compute sample correlation coefficient for meaning of value : The data are reported in thousands of dollars. The following data represent a ransom sample from the study. Compute the sample correlation coefficient r. Give a brief explanation of the meaning of this value.

Calculate the amount that the company will actually receive : Cronan, Inc., sells $1,000,000 general obligation bonds for 98. The interest rate on the bonds, paid quarterly, is 6 percent. Calculate (a) the amount that the company will actually receive from the sale of the bonds, and (b) the amount of both th..

Equation is imaginary or irrational : If the solution to an equation is imaginary or irrational, it takes a bit more effort to check. Replace x by each given number to verify the following statement.

Preparing consolidated financial statements : In preparing consolidated financial statements, what amount of this debt should be eliminated?

Probability among six randomly selected graduates find job : Find the probability among 6 randomly selected graduates, that at most 2 of them find a job in his or her chosen field within a year.

User Account

All Pages