What other data would you be interested in collecting

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Reference no: EM133668990

Assignment

Suppose you have collected the following sample data from twenty-six randomly selected Dallas area families regarding their Weekly Expenditures on Video Rentals and Weekly Expenditures on Dining Out:

Observation Number	Weekly Expenditures
Observation Number	Video Rentals	Dining Out
1	$12	$28
2	$12	$27
3	$6	$32
4	$13	$32
5	$7	$25
6	$10	$24
7	$8	$27
8	$4	$20
9	$4	$32
10	$13	$35
11	$5	$30
12	$9	$22
13	$12	$31
14	$9	$25
15	$12	$28
16	$4	$34
17	$14	$36
18	$10	$24
19	$5	$29
20	$18	$42
21	$15	$41
22	$6	$26
23	$6	$28
24	$4	$40
25	$11	$21
26	$9	$24

Explain your answers below in detail (use analytical tools such as correlation and regression when necessary)

I. What is the relationship between weekly expenditures of video rentals and dining out?

II. If you were to reach out to these households, what other data would you be interested in collecting in order to understand their consumption behavior?

III. What other types of products do you think these families would be interested in?

Reference no: EM133668990

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