User Account

All Pages

What is dependent and independent variable

Assignment Help Basic Statistics
Reference no: EM132844063

Mr. Usman, General Manager Sales of Samsung air conditioners want to predict future sales based on the Associative Forecasting Method. He has used Microsoft excel to find the line regression equation between number of AC sold and the average outside temperature in extreme summer months.

Y = 36 + 4.3X

Mr. Usman does not like mathematical models so he has hired a professional from PIQC to help him predict future sales as per the below mentioned conditions

Please answer the below questions

1) What is dependent and independent variable in above-mentioned case?

2) What will be the number of ACs sold if average summer month's temperature is at 40 °C?

3) If the standard error estimate is 2.2 then what is the probability of ACs sold at 40 °C with ± 2 standard deviation confidence interval

Reference no: EM132844063

Questions Cloud

Describe the medication based treatment methods : In patients with depression, do medication based treatment methods compared to psychotherapy based treatment improve the outcomes for patients within a year?
What is the noncontrolling interest share of shaman : What is the noncontrolling interest's share of Shaman's 2017 and 2018 net income? Petunia Company acquired an 80% interest in Shaman Company in 2016.
Identify the best value discipline-generic strategy : Identify the best value discipline, generic strategy, and grand strategy for your organization.- Apple Inc
Calculate the total cost per unit for Chevalier and Dame : Assuming that Lyon Productions uses activity-based costing (ABC) to apply overhead to production, calculate the total cost per unit for Chevalier and Dame
What is dependent and independent variable : 1) What is dependent and independent variable in above-mentioned case?
Set up the null and alternative hypothesis : Suppose you want to test whether the failure time is equal to 135. Given the significance level set at 5%, do the following to conduct a t-test.
Explain how mrp can decrease company inventory : Explain how MRP can decrease a company's inventory while improving its customer service level. Include a real-life example.
Describe the selected environmental factor : Describe the selected environmental factor. Explain how the environmental factor you selected can potentially affect the health or safety of infants.
What is the carrying amount of the accounts receivable : What is the carrying amount of the accounts receivable at December 31, 2021, assuming bad debts are estimated to be (1) 10% of accounts receivable?

Reviews

Write a Review

Basic Statistics Questions & Answers

  Statistics-probability assignment

MATH1550H: Assignment:  Question:  A word is selected at random from the following poem of Persian poet and mathematician Omar Khayyam (1048-1131), translated by English poet Edward Fitzgerald (1808-1883). Find the expected value of the length of th..

  What is the least number

MATH1550H: Assignment:  Question:     what is the least number of applicants that should be interviewed so as to have at least 50% chance of finding one such secretary?

  Determine the value of k

MATH1550H: Assignment:  Question:     Experience shows that X, the number of customers entering a post office during any period of time t, is a random variable the probability mass function of which is of the form

  What is the probability

MATH1550H: Assignment:Questions: (Genetics) What is the probability that at most two of the offspring are aa?

  Binomial distributions

MATH1550H: Assignment:  Questions:  Let’s assume the department of Mathematics of Trent University has 11 faculty members. For i = 0; 1; 2; 3; find pi, the probability that i of them were born on Canada Day using the binomial distributions.

  Caselet on mcdonald’s vs. burger king - waiting time

Caselet on McDonald’s vs. Burger King - Waiting time

  Generate descriptive statistics

Generate descriptive statistics. Create a stem-and-leaf plot of the data and box plot of the data.

  Sampling variability and standard error

Problems on Sampling Variability and Standard Error and Confidence Intervals

  Estimate the population mean

Estimate the population mean

  Conduct a marketing experiment

Conduct a marketing experiment in which students are to taste one of two different brands of soft drink

  Find out the probability

Find out the probability

  Linear programming models

LINEAR PROGRAMMING MODELS

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