User Account

All Pages

Estimate produce sales for upcoming year

Assignment Help Basic Statistics
Reference no: EM131055872

A grocery manager has data concerning their sales of fresh produce over a 20 year period. The manger plugs their data into excel and without plotting comes up with the equation for the regression line. Using this equation they estimate the produce sales for the upcoming year. What mistakes did they make? Explain.

Reference no: EM131055872

Questions Cloud

Write response to hartnetts essay on anti-war activism : Based on our lecture, the course readings, and personal experiences, students will write and submit their own summary of, and response to, Hartnett's essay on anti-war activism.
Average percentage of aluminum oxide : Does the data provide sufficient information to indicate that there is a difference in the average percentage of aluminum oxide at the two sites? Test at the 5% level of significance
Question regarding the feelings of alienation : As part of a new prevention program, a clinical psychologist wants to see whether feelings of alienation differ as a function of immigration status in a local high school.
Create resource gantt chart : Create Responsibility Matrix. Create Resource Gantt Chart. Create Resources Loading Chart.
Estimate produce sales for upcoming year : The manger plugs their data into excel and without plotting comes up with the equation for the regression line. Using this equation they estimate the produce sales for the upcoming year. What mistakes did they make? Explain.
What is the parameter we are conducting inference on : If we conduct statistical inference for this problem, what is (are) the parameter(s) we are conducting inference on? (You may state your answer in words or symbols)
Relation between class rank and popularity among peers : A researcher wants to examine the relation between class rank and popularity among peers. Class rank is provided by the school and includes each student's rank in order. The researcher assesses popularity using a likability measure that provides s..
Population of all gasoline mileages : Suppose that the population of all gasoline mileages is normally distributed with mean µ = 31.5 mpg and standard deviation σ = 0.8 mpg. Let y denote a mileage randomly selected from this population. Find the probabilities:
Probability that a female customer : Furthermore, the data shows that 35% of the females who visited his store purchased a cell phone, while 20% of the males who visited his store purchased a cell phone. What is the probability that a female customer will purchase a cell phone?

Reviews

Write a Review

Basic Statistics Questions & Answers

  Calculate the probability that neither house sales nor

question the probability that house sales will increase in the next 6 months is estimated to be 0.25. the probability

  Explain how significance is determined in simple terms

Explain how significance is determined in simple terms as well and define a statistical interaction and how it affects your results. Give an example. List the variables that are interacting and why.

  Given a sample size of 25 with sample mean 7362 and sample

given a sample size of 25 with sample mean 736.2 and sample standard deviation 82.3 we perform the following hypothesis

  Explain sampling distribution of sample mean-size is given

Probability distribution with μ = 6 ounces and σ = 2.5 ounces. Which of the following is true about the sampling distribution of the sample mean if a sample of size 15 is selected?

  Information about independent sample t test

Using the raw measurement data presented below, calculate the t value for independent groups to determine whether or not there exists a statistically significant difference between the salaries of female and male human resource managers.

  Average life expectancy of person living in africa

A recent study found that the average life expectancy of a person living in Africa is 53 years with a standard deviation of 7.5 years. If a person in Africa is selected at random

  Circumstance when the mean is very useful as the average

The mean is a useful measure, but it can be misleading. Describe a circumstance when the mean is very useful as the average and a circumstance when the mean is very misleading as the average.

  Scores are obtained from the law school admission test lsat

question scores are obtained from the law school admission test lsat are normally distributed with a mean score of 550

  Values vary according to a normal distribution what

water samples from a particular site demonstrate a mean coliform level of 10 organisms per liter with standard

  How large a sample required to reduce standard deviation

he standard deviation of the sample proprortion is 5.3%. How large a sample (to the nearest person) would be required to reduce this standard deviation to 3.7%?

  Define the dependent and independent variables

For the project you need to complete the following sections: Introduction: about the indices of your project.

  Distributed with a population standard deviation

The heights were recorded for a Simple Random Sample of 270 freshmen. The mean of this sample was 66.5 inches. The heights are known to be Normally Distributed with a population standard deviation of 5.1 inches. Round answers to one decimal place...

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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