Staticstic

MGSC2207ASSIGNMENT #6NOT due 6 APR 2010 line of credit: On the last exam, you will be responsible for world able to receipt correlation and lapse questions doing hand calculations (with the armed service of your calculator) as well as for being able to answer the analogous questions if an exceed printout is provided. Note that m some(prenominal) of your future courses in marketing, economics, and finance will require that you shaft this same material. coefficient of correlation and regression are arguably among the most useful statistical techniques in business places! 1.A supermarket mountain range lacked to know whether there was any affinity between the price (in dollars) execute by the chain for its in-house brand of drinking chocolate and lead (measured in pounds of coffee). 8 terminuss in the chain that had nearly equal prehistoric histories of demand for this brand of coffee were used in the study. Eight varied prices were randomly assigned to the stores (one price per store) and an identical ad private road was run in each market. The number of pounds of coffee change during the following week was recorded for each store (see below). manage all parts of this question using your witness calculations notwithstanding for part p of this question (i.e., do non use Excel except for part p of this question). | interject |Demand | damage | |A |1120 |3.00 | |B |999 |3.10 | |C |932 |3.20 | |D |884 |3.

30 | |E |807 ! |3.40 | |F |760 |3.50 | |G |701 |3.60 | |H |688 |3.70 | (a)What is the coefficient of correlation in this situation? Explain what it means. (b)Is there a significant relationship between demand and price? (Do a complete summary to liberate your conclusions here.) Explain. Use the classical method of testing hypotheses and ( = 5%. (c)Does...If you want to get a full essay, order it on our website: OrderEssay.net

If you want to get a full information about our service, visit our page: write my essay