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Assignment
Question 1
Assume you have noted the following prices for paperback books and the number of pages that each book contains.
Develop a least-squares estimated regression line.
1. Compute the coefficient of determination and explain its meaning.2. Compute the correlation coefficient between the price and the number of pages. Test to see if x and y are related. Use α = 0.10.
Question 2
The following data represent a company's yearly sales volume and its advertising expenditure over a period of 8 years.
1. Develop a scatter diagram of sales versus advertising and explain what it shows regarding the relationship between sales and advertising.2. Use the method of least squares to compute an estimated regression line between sales and advertising.3. If the company's advertising expenditure is $400,000, what are the predicted sales? Give the answer in dollars.4. What does the slope of the estimated regression line indicate?
Possible HR strategies that will support each organizations mission, vision, values and core business practices for each company. Support your recommendations.
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Judith is the manager of a medical/surgical unit in a not-for-profit, acute care hospital that is part of a nine-hospital healthcare system. During the budget preparation process for the upcoming fiscal year
Suppose if the price of a good is $5, the quantity demanded is 100 units; when the price is $7, the quantity demanded is 80 units. Use the midpoint approach to compute the price elasticity of demand. Is demand at this point relatively responsive o..
Imagine you're the CEO of a major hospital system that's recently come into a large endowment from a recently deceased philanthropist.
Explain how you, as a manager, would overcome each of these barriers and identify and describe the guidelines, tools, practices or procedures that you would use to overcome each type of communication barrier.
Develop a response that includes examples and evidence to support your ideas, and which clearly communicates the required message to your audience. Organize your response in a clear and logical manner as appropriate for the genre of writing.
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