What are the risks of using harry potter 7 data

Assignment Help Basic Statistics
Reference no: EM132461655

a. What are the risks of using Harry Potter 7 data in predicting your new demand curve for the Harry Potter sequel? (15%)

i. You are hoping the next book will be 'at least' as popular

ii. The number '100,000' is an assumption (best guess)

iii. Prediction shows we should be paying $4.50 NOT $5.00

1. This indicates a possible (because this 'is' an assumed number) loss based on what we are paying

2. Consider renegotiating your contract!

Reference no: EM132461655

Questions Cloud

ACCT725 Intermediate Financial Accounting Assignment : ACCT725 Intermediate Financial Accounting Assignment Help and Solution - Louisiana State University Shreveport, USA. How would this change in tax rate
Name social institution better for behind veil of ignorance : Name a social institution/practice/standard that would be better decided "behind the veil of ignorance." Why is it mistaken currently
How do plan to use digital and social media : What can you and your peers do to prepare for this change in the future? Share any additional resources that may be helpful for emerging professionals
Determining the two-sample hypothesis testing : Can this be tested using two-sample hypothesis testing? Explain why or why not. Assume that it could be done: how would you do it?
What are the risks of using harry potter 7 data : a. What are the risks of using Harry Potter 7 data in predicting your new demand curve for the Harry Potter sequel? (15%)
What is the optimal capital budget : The company's earnings and dividends are growing at constant rate of 5 percent; What is the optimal capital budget after adjustment for project risk
How does issue and event provide a social commentary : In what ways does the social science lens help articulate a deeper understanding of the social issue(s) that inform your issue/event?
Test the hypothesis that the population mean age : The population standard deviation s is unknown. Instead the sample standard deviation s is also calculated from the sample and is found to be 5.5.
ECO206Y5 Microeconomic Theory Assignment : ECO206Y5 Microeconomic Theory Assignment Help and Solution, University of Toronto Mississauga - Assessment Writing Service - Identify the policy issue

Reviews

Write a Review

Basic Statistics Questions & Answers

  The average movie admission price for a recent year was 718

the average movie admission price for a recent year was 7.18. the population variance was 3.81. a random sample of 15

  Compute the sample covariance

The following is a set of data from a sample of n=11 items. Complete parts? (a) through left parenthesis (c).

  Significant difference in the average month-end credit

Establish at the 5% level of significance whether there is any significant difference in the average month-end credit card balances between Mastercard and Visa card clients.

  Statistical analysis of long distance telephone calls

A statistical analysis of 1000 long distance telephone calls made from the headquarters of the Bricks and Clicks Computer Corporation indicates that the length of these calls is normally distributed with u=240 seconds and sigma = 40 seconds.

  Level of physical activity

At the University of Wisconsin - Stevens Point, an advertising campaign was aimed at new freshmen encouraging them to increase their level of physical activity - An advertising campaign was aimed at new freshmen encouraging them to increase their l..

  Use of data produced by the government

Use of data produced by the government. Data produced by the government are often available free or at low cost to private users.

  What is the mean weight per sack

Can the median weight per sack be calculated based on the information given? If not, construct two data sets with the same total but different medians.

  What is the margin of error

What is the margin of error for a 95% confidence interval on the true proportion of men who still live with their parents?  (Keep all computations accurate to four decimal places.)

  Create a stem and leaf plot for these ages

Create a histogram for these ages.- Create a stem-and-leaf plot for these ages. -  Create a dotplot for these ages.

  Higher prices result in a decreased demand

For most products, higher prices result in a decreased demand, whereas lower prices result in anincreased demand (economist refer to such products asnormal goods). Let

  Average incomes differ depending on the recreational sport

An online survey by the Sporting Goods Manufacturers Association, a trade group of sports retailers and marketers, claimed that household income.

  Analyses service station and price history of petrol

BUS708 - Statistics and Data Analysis - Statistical Modelling Assignment - Collecting and analysing data to answer a specific business problem

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