User Account

All Pages

Regression to predict the sales per person

Assignment Help Accounting Basics
Reference no: EM131009138

In Exercise 9 we saw a regression to predict the sales per person at a movie theater in terms of the time (in min- utes) before the show. The model was:

Sales  = 4.3  + 0.265 Minutes.

a) A 90% prediction interval for a concessions customer 10 minutes before the movie starts is ($4.60, $9.30). Explain how to interpret this interval.

b) A 90% confidence interval for the mean of sales per per- son 10 minutes before the movie starts is ($6.65, $7.25). Explain how to interpret this interval.

c) Which interval is of particular interest to the conces- sions manager? Which one is of particular interest to you, the moviegoer?

Reference no: EM131009138

Questions Cloud

What is probability that neither company become profitable : A venture capitalist invests in one firm of each type. Assume the companies function independently. What is the probability that both companies become profitable?
Problem regarding the online shopping : Several studies have found that the frequency with which shoppers browse Internet retailers is related to the frequency with which they actually purchase products and/or services online. Here are data showing the age of respondents and their answe..
Strategic management book : Read Attachment and summarized the points that interest you.  List out your understanding and comments.  The paper introduces an integrative view of diversification of scope and global expansion, which are covered by Chapters 7 and 8 in Strategic Man..
What is the probability that it is conforming : A system consists of four components connected as shown in the following diagram: If the wafer is from Lot A, what is the probability that it is conforming?
Regression to predict the sales per person : In Exercise 9 we saw a regression to predict the sales per person at a movie theater in terms of the time (in min- utes) before the show. The model was:
Predict penny stock performance : A study of 98 investment advisors asked them to predict the value of a "penny" stock a week ahead. The correlation between the values predicted and the actual value was 0.20. Was this evidence that they could predict penny stock performance?
Find the probability that the system functions : Assume A and B function independently. For the system to function, both components must function. If the probability that A fails is 0.05, and the prob- ability that B fails is 0.03, find the probability that the system functions.
Increase security in transportation : Should the government intervene in setting regulations to increase security in transportation (airlines people, water freight, highway freight) and help the environment? Or should private industry take on this role? Discuss.
Standard deviation of the residuals : A soap manufacturer tested a standard bar of soap to see how long it would last. A test subject showered with the soap each day for 15 days and recorded the Weight

Reviews

Write a Review

Accounting Basics Questions & Answers

  Krispy amp co manufactures a single product that goes

krispy amp co manufactures a single product that goes through two processes mixing and cooking. the following data are

  Compute the simple rate of return on the new automated

the management of wallingford microbrew is considering the purchase of an automated bottling machine for 95000. the

  Can you check my answers?

Nearly a week before Hurricane Katrina reached New Orleans, Wal-Mart began moving trucks and supplies into position, as specified in the company's ________ plan.

  How does this gain and loss affect andrews income statement

How does this gain and loss affect Andrews' income statement, statement of comprehensive income, and balance sheet?

  Discuss the importance of constructing confidence intervals

Discuss the importance of constructing confidence intervals for the population mean

  Determine the total and per share dividends for each class

A company had stock outstanding as follows during each of its first three years of operations: 2,500 shares of $10, $100 par, cumulative preferred stock and 50,000 shares of $10 par common stock. The amounts distributed as dividends are present..

  Liability for the contingency

After the 2010 financial statements were issued, the case was settled with the IRS for $1,200,000. What amount, if any, should be reported as a liability for this contingency as of December 31, 2010?

  Clarence began constructing a building for a customer on

clarence began constructing a building for a customer on 7307. the building will be 14 stories tall and is expected to

  Suppose st john corps breakeven point is revenues of

suppose st. john corps breakeven point is revenues of 1100000. fixed costs are 600000.requirements1. compute the

  Mmc maintains a qualified defined benefit idea for eligible

mmc maintains a qualified defined benefit idea for eligible employees with an effectual date of january 1 1990. the

  Direct materials 108000 direct labor 156000 variable

garcia company produces a part that is used in the manufacture of one of its products. the annual costs associated with

  Ace electronics accepted a promissory note from

1.horse creek company had beginning inventory of 34000 purchases of 210000 purchase returns of 13000 and ending

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