Correlating net profit per location

Assignment Help Basic Statistics
Reference no: EM1397752

I did a study correlating net profit per location with expenditures on an in-house promotion, and got a correlation of about .15, and that was received very well. If you are following up your correlation analysis with, say, factor analysis of cluster analysis, then a .6 or better correlation makes these subsequent analyses more valid.

Reference no: EM1397752

Questions Cloud

Estimate expected frequencies of individual progeny : Determine expected frequencies of each individual progeny possibility based on the 1.5 M.U. distance. Do this by showing a punnet square for frequencies.
Anova for rate of return : Suppose a stock analyst wants to determine whether there is a difference in the mean rate of returns for three types of stock - utility, retail, and banking.
Would this be a t-value distribution : Would this be a T-value distribution? Can you take me through the steps to determine upper and lower limits of a 95% confidence interval?
Anova for location for magazines : Emma's On-the-Go, a large convenience store, has to decide where in the store to put its magazine rack. The manager at Emma's experiments with a selection of different locations, choosing a sample of days at each location.
Correlating net profit per location : I did a study correlating net profit per location with expenditures on an in-house promotion, and got a correlation of about .15, and that was received very well.
How genes affect the length of hair : Chupacabras are mammals with hair length that varies from no hair to very long. It is known that two genes affect the length of a chupacabra's hair and that the genes have additive effects.
Describe the sympathoadrenal system control of blood flow : Describe the sympathoadrenal system control of blood flow. Include the neurotransmitter and effect in the arterioles of the viscera, the neurotransmitter and effect in the arterioles of skeletal muscle, and the hormonal effect in the arterioles of..
F distribution-anova : Why is the F distribution important? How do you determine if a significant difference exists among the groups in ANOVA? How do you determine differences between the groups in ANOVA?
Propose an explanation for how the sp gene affects colour : If you cross two dihybrid guinea pigs, ie B/b; SP/sp, what is the expected genotypic and phenotypic ratio of the offspring.

Reviews

Write a Review

Basic Statistics Questions & Answers

  Frequency histogram for large set of gpa

In relative frequency histogram for a large set of GPAs, the mean and the standard deviation are 2.10 and 0.21 respectively. What proportion of GPAs falls within 1.68 and 2.52?

  Finding all possible combinations for the given data

What are the possible combinations of coins that Sanjay could have received in change?

  Chi-square test for independence of attributes

At a large commercial bakery, one of the measures familiar with evaluate employees is the number of broken cookies per 1000 produced.  The quality control department wants to determine if there is a relationship between years of experience and bro..

  Records and variables

A dataset has 1000 records and 50 variables with 5% of the values missing, spread randomly throughout the records and variables. An analysis decides to remove records that have missing values. About how many records would you expect would be remov..

  What type of control chart is used in software process

A project manager at COMSOFT corporation has collected statistics on the organization's software development process. He has the size of each project in number of lines of code for the past 20 projects and the number of lines of code in error disc..

  Determining marginal probability distributions

Determine marginal probability distributions of X and Y . Compute conditional probability P ( Y = 2 | X = 1)

  Constructing confidence interval for kernels

Construct a 90 percent confidence interval for the proportion of all kernels that would not pop.

  Assumption of chi square distribution

In order not to violate the requirements necessary to use the chi-square distribution, each expected frequency in a goodness of fit test must be:

  One proportion testing and confidence interval

Find a 99% confidence interval estimate of the proportion of people who say that they voted.

  Solve linear programming problem using solver

A farmer in Iowa owns 45 acres of land. He is going to plant each acre with wheat or corn. Each acre planted with wheat yields $200 profit, requires 3 workers, and requires 2 tons of fertilizer; each with corn yields $300 profit, requires 2 worker..

  Descriptive and inferential statistics

Differences in Descriptive and Inferential Statistics and analyze the differences between descriptive and inferential statistics.

  Mean immigrants improving a state economy

Does this mean immigrants tend to earn more than other people? Or does it mean immigrants improve a state's economy? If not, what could explain the correlation?

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