Manager of colonial furniture

Assignment Help Basic Statistics
Reference no: EM131158736

The manager of Colonial furniture has been reviewing weekly advertising expenditures. During the past 6 months, all advertisements for the store have appeared in the local newspaper. The number of ads per week has varied from 1 to 7. The store's sales staff has been tracking the number of customers who enter the store each week. The number of ads and the number of customers per week for the past 26 weeks were recorded. Ads X=4.12, Sx2=3.47. Customers y=384.81, sy2=18,552, n=26, Sxy = 74.02. A. Determine the sample regression line ? B. Interpret the coefficients ? C. Can the manager infer that the larger the number of Ads, the larger the number of customers ? D. Find and interpret the coefficient of determination. E. In your opinion, is it worthwhile exercise to use the regression equation to predict the number of customers who will enter the store, given that Colonial intends to advertise five times in the newspaper ? If so find 95% prediction interval. If not explain why not.

Reference no: EM131158736

Questions Cloud

Normal distribution model to calculate : Suppose that a normal distribution with mean μ=6ml and standard deviationσ= 0.2 ml is a reasonable model for the distribution of the variable x= amount of red dye in the paint mixture. Use the normal distribution model to calculate the following p..
Group of individuals in order to better under : A survey is giving to a group of individuals in order to better under how many hours per week they work per day and to see if this has an effect on their productivity levels. When the employees are given the survey, some decide to answer, on avera..
Answer the following given questions : Amanda Wright is brought to the ER after falling off her bicycle.- Dr. Nickles then applies a short arm cast and releases the patient. Code for Dr. Wood.
Calculate the concentration of ammonium ions and sulfate ion : calculate the sodium ion concentration when 70.0 mL of 3.0 M sodium carbonate is added to 30.0 mL of 1.0 Msodium bicarbonate.
Manager of colonial furniture : The manager of Colonial furniture has been reviewing weekly advertising expenditures. During the past 6 months, all advertisements for the store have appeared in the local newspaper.
What do you think of the actions taken by the accused : Write an APA Style, one to two page paper on a famous plagiarism case .It can be one we have already briefly discussed or something completely new. Discuss all the details of the case; the who, what, when, where, why. and how. What laws were bei..
Null and alternative hypothesis for the statement : What are the null and alternative hypothesis for the following statement and why?
List the formulas of three soluble bromide salts : Do the same exercise for sulfate salts, hydroxide salts, and phosphate salts (list three soluble salts and three insoluble salts). List the formulas for six insoluble Pb2 salts and one soluble Pb2 salt. What do you make of the formulas?
Identify legal issues relevant to ecommerce law : Identify legal issues relevant to ecommerce law and provide legal advice on e- commerce problems or disputes, including an accurate assessment of the likely outcome.

Reviews

Write a Review

Basic Statistics Questions & Answers

  The housing market has recovered slowly from the eonomic

the housing market has recovered slowly from the eonomic crisis of 2008. recently in one large community relators

  Two-population pooled t-test-unpooled t-test

In a study of the lizard Sceloporis occidentalis, researchers examined field-caught lizards for infection by the malarial parasite Plasmodium. To help assess the ecological impact of malarial infection, researchers tested 15 infected and 15 noninf..

  Valerie bertinelli and subway jared compete in a series of

valerie bertinelli and subway jared compete in a series of six wing eating contests. the voracious valerie consumes an

  Probability that the team that wins

In a series of seven games, the ?rst team to win four games wins the series. If the teams are evenly matched, what is the probability that the team that wins the ?rst game will win the series?

  Sample a voluntary response sample

A pollster calls 500 randomly selected people and all 500 respond to her first question. Because the subjects agreed to respond, is the sample a voluntary response sample?

  Use the policy improvement algorithm to find

During any period, a potential customer arrives at a certain facility with probability ½ If there are already two people at the facility (including the one being served), the potential customer leaves the facility immediately and never returns.

  Find probability of observing at least one of minor defects

One or more specific, minor birth defects occurs with probability .0001 (that is, 1 in 10,000 births). If 20,000 babies are born in a given geographic area in a given year, can we calculate the probability of observing at least one of the minor d..

  Using a level of significent a01 find the critical value

the proportion of customer who rated service as either good or excellent was .65 p.65 you would like to know if

  How nba players are smarter than the average population

Using significance level of 5%, can you say that NBA players are smarter than the average population? What is the value of the test statistic?

  Poisson approximation to the binomial distribution

The rate of defects among CD players of a certain brand is 1.1%. Use the Poisson approximation to the binomial distribution to find the probability that among 240 such CD players received by a store, there is at most one defective CD player.

  Two different analytical tests can be used to determine the

two different analytical tests can be used to determine the impurity level in steel alloys. six specimens are used and

  Conclude equal numbers of canadian retirees living in hawaii

At the 0.05 significance level, can we conclude that equal numbers of Canadian retirees living in Hawaii came from each of the four cities?

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