Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
A CEO of a large pharmaceutical company would like to determine if he should be placing more money allotted in the budget next year for television advertising of a new drug marketed for controlling asthma. He wonders whether there is a strong relationship between the amount of money spent on television advertising for this new drug called XBC and the number of orders received. The manufacturing process of this drug is very difficult and requires stability so the CEO would prefer to generate a stable number of orders. The cost of advertising is always an important consideration in the phase I roll-out of a new drug. Data that have been collected over the past 20 months indicate the amount of money spent of television advertising and the number of orders received.
The use of linear regression is a critical tool for a manager's decision-making ability. Please carefully read the example below and try to answer the questions in terms of the problem context. The results are as follows:
Month
Advertising Cost (thousands of dollars)
Number of Orders
1
$68.93
4,902,000
2
72.62
3,893,000
3
79.58
5,299,000
4
58.67
4,130,000
5
69.18
4,367,000
6
70.14
5,111,000
7
83.37
3,923,000
8
68.88
4,935,000
9
82.99
5,276,000
10
75.23
4,654,000
11
81.38
4,598,000
12
52.90
2,967,000
13
61.27
3,999,000
14
79.19
4,345,000
15
80.03
4,934,000
16
78.21
4,653,000
17
83.77
5,625,000
18
62.53
3,978,000
19
88.76
4,999,000
20
72.64
5,834,000
Predict the monthly advertising cost when the number of orders is 5,100,000.
Write down the probability of that the median of the sample or average medians is greater or more than 320 minutes?
Part 1. What is the appropriate distribution for such data? Part 2. Is this lot anomalous?
Assume a one-tailed t -test is being applied to determine if population mean is less than $212. Level of significance chosen is 0.01 and 26 accounts are sampled. Determine the critical value?
At the .05 level of significance, can we conclude the Middletown students stayed in their districts less time than the Brockton students? Use the five-step hypothesis testing procedure.
For following scores determine values of each expression: X: 4, 2, 1, & 5. åX, åX 2 , (åX) 2 , å(X-1).
Based on this information, if department employee selects random sample of n = 9 containers, determine probability that mean volume for sample will be greater than 1.01 gallons?
In testing equality of two means below, determine the test statistic? (Use the equal variances formula)
The study does provide sufficient evidence to support the claim that less than 75% of college student spend less than $250 per semester on textbooks.
Which are likely to be independent events? For those you think are not, suggest reasons why.
Assume Nick doesn't know how his received he suppose that all three states of nature are equally likely to occur. If Nick uses the equally likely criterion illustrate what decision would he make.
Use value you found in part a to find out degree of confidence for interval 65.65
Scores on a test are normally distributed with a mean of 60.9 and a standard deviation of 12. Find P81, which separates the bottom 81% from the top 19%.
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!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd