Study of consumer buying patterns

Assignment Help Operation Management

Reference no: EM132290728

The following data were collected during a study of consumer buying patterns: Observation x y Observation x y 1 19 72 8 20 77 2 21 81 9 17 73 3 43 79 10 13 77 4 28 81 11 20 85 5 56 98 12 28 93 6 49 96 13 34 94 7 32 82 b. Obtain a linear regression line for the data.(Round your intermediate calculations and final answers to 3 decimal places.) y = + x c. What percentage of the variation is explained by the regression line? (Do not round intermediate calculations. Round your answer to the nearest whole percent. Omit the "%" sign in your response.) Approximately % of the variation in the dependent variable is explained by the independent variable. d. Use the equation determined in part b to predict the expected value of y for x = 49. (Round your intermediate calculations and final answers to 3 decimal places.) y =

Reference no: EM132290728

Questions Cloud

Explain the important steps of job analysis-job design : Explain the important steps of job analysis, job design, job description, and job specification as they relate to this project.

The successful characteristic of establishing self-directed : Identification of the successful characteristic of establishing self-directed, high-performing teams

What role does differing behavioral styles play in conflict : What role does differing behavioral styles play in a conflict? Receive criticism objectively and dispassionately while seeking clarification.

Define the key attributes of high-context culture : Define the key attributes of a high-context culture.

Study of consumer buying patterns : The following data were collected during a study of consumer buying patterns:

Consumer processing model to consumer decision on brand : Apply the CPM (consumer processing model) to the consumer's decision on your brand. Be thorough in your application.

About the online business craze : Hairesy is a hair care company launched in the late 1990s during the height of the dot- com, online business craze.

How can technology help managers make better decisions : How can technology help managers make better decisions?

Offers walking escort service : To improve security, WashU offers a walking escort service to students. How many officers should a student expect to be available at the time he/she calls?

User Account

All Pages