An advertising firm wishes to demonstrate to its clients the effectiveness of the advertising campaigns it has conducted. The following bivariate data on twelverecent campaigns, including the cost of each campaign (in millions of dollars) and the resulting percentage increase in sales following the campaign, werepresented by the firm. Based on these data, we would compute the least-squares regression line to be y = 6.17 +0.18x, with x representing campaign cost andy representing the resulting percentage increase in sales. (This line is shown below, along with a scatter plot of the data.)Campaign cost, x(in millions of dollars)1.781.283.583.812.882.062.443.361.553.802.223.00Send data to calculatorIncrease in sales, y(percent)6.636.376.866.986.586.566.666.536.246.816.796.88Send data to ExcelIncrease in sales(percent)Based on the firm's data and the regression line, complete the following.7.2+7.6.86.6-6.46.26X**X}X2 2.5Campaign cost(in millions of dollars)دا(a) For these data, values for campaign cost that are less than the mean of the values for campaign cost tend to bepaired with values for percentage increase in sales that are (Choose one) the mean of the values for percentageincrease in sales.(b) According to the regression equation, for an increase of one million dollars in advertising campaign cost, there is acorresponding increase of how many percent in sales?XŚE

Given that By using excel regression excel > data > data analysis > regression >input…

Answered: Based on the firm's data and the…

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

See similar textbooks

Similar questions

Explain in your own words how simple regression can be helpful in identifying relationships between variables.
A linear model was fit to predict weekly Sales of frozen pizza (in pounds) from the average Price ($/unit) charged by a sample of stores in a city in 39 weeks over a three -year period. The average Sales were 63, 200 pounds (SD = 10, 670 pounds), and the correlation between Price and Sales was -0.529. If the Price in a particular week was two SD higher than the mean Price, how much pizza would you predict was sold that week?
The cost of fuel is the largest component of cost of ownership for most vehicles. Fuel cost is (almost) inversely proportional to gas mileage; higher gas mileage means lower fuel cost and vice-versa. If you keep track of the number of miles driven on each tank of gas as well as how much gas is purchased, it is easy to calculate gas mileage; many cell phone apps exist to track this. The data in the following table is the gas mileage for Mr. Hebert's 2015 Jeep Wrangler Unlimited. 12.85 14.98 15.36 17.09 18.86 13.28 15.11 15.62 17.50 19.07 13.48 15.12 15.65 17.66 20.91 14.65 15.13 16.41 18.17 21.17 14.71 15.14 16.80 18.27 22.11 f. Construct a 95% confidence interval to estimate the average fuel economy of the jeep. enter your response here≤μ≤enter your response here (Round your answers to 2 decimal places.)
A researcher that there is a linear association between the level of potassium content (y) in milligrams and the amount of fiber (x) in grams in cereal. The regression line for the data is computed to y=37+28x rate. It was also computed that r=.59 A. What does the value . 59 tell you? B. What does the value 37 tell you? C. What does the value 28 tell you ? 2. For the line in question 1 what percentage of variability in potassium can be explained by variability in fiber?
The correlation between hours of sleep and hours of study is r = 0.14. (a) Calculate r². (Round your answer to four decimal places.) ,2 = = (b) Choose a sentence that interprets value r². 1.96% of the variation in hours of sleep is not explained by hours of study. Variation in hours of study explains about 1.96% of the observed variation in hours of sleep. 1.96% of the variation in hours of sleep is not explained by the variation in hours of study. Hours of study explains about 1.96% of the observed variation in hours of sleep.
The arm span and foot length were both measured (in centimeters) for each of 20 students in a biology class. The computer output displays the regression analysis. Which of the following is the best interpretation of the coefficient of determination r2? About 37% of the variation in arm span is accounted for by the linear relationship formed with the foot length. About 65% of the variation in foot length is accounted for by the linear relationship formed with the arm span. About 63% of the variation in arm span is accounted for by the linear relationship formed with the foot length. About 63% of the variation in foot length is accounted for by the linear relationship formed with the arm span.
Develop a scatterplot and explore the correlation between customer age and net sales by each type of customer (regular/promotion). Use the horizontal axis for the customer age to graph. Find the linear regression line that models the data by each type of customer. Round the rate of changes (slopes) to two decimal places and interpret them in terms of the relation between the change in age and the change in net sales. What can you conclude? Hint: Rate of Change = Vertical Change / Horizontal Change = Change in y / Change in x
Suppose the correlation between height and weight for adults is +0.40.What proportion (or percent) of the variability in weight can be explained by the relationship with height?
Below is the actual data on the speed a person walks or runs in miles/hour and the calories the person burns per lap. Find the linear equation of best fit for this data. Compare the model to the data. Does the model seem to fit the data? Explain. What is the significance of the y-intercept? What is the slope and what does it mean? What is the x-intercept and what does it mean? What is the correlation coefficient and what does it mean? Speed (mph) Calories/lap 1 42 2 31 3 27 4 41 5 40 6 40 7 39 8 38 r answers to the nearest hundredth. The y-intercept means that if a person runs at ----------mph they will burn__________ per lap. The slope means that for each mph you increase your speed, you will burn an additional------------calories pay lap
The cost of fuel is the largest component of cost of ownership for most vehicles. Fuel cost is (almost) inversely proportional to gas mileage; higher gas mileage means lower fuel cost and vice-versa. If you keep track of the number of miles driven on each tank of gas as well as how much gas is purchased, it is easy to calculate gas mileage; many cell phone apps exist to track this. The data in the following table is the gas mileage for Mr. Hebert's 2015 Jeep Wrangler Unlimited. 12.85 14.98 15.36 17.09 18.86 13.28 15.11 15.62 17.50 19.07 13.48 15.12 15.65 17.66 20.91 14.65 15.13 16.41 18.17 21.17 14.71 15.14 16.80 18.27 22.11 a. Find the average fuel economy. x =enter your response here (Round your answer to 3 decimal places.)
The cost of fuel is the largest component of cost of ownership for most vehicles. Fuel cost is (almost) inversely proportional to gas mileage; higher gas mileage means lower fuel cost and vice-versa. If you keep track of the number of miles driven on each tank of gas as well as how much gas is purchased, it is easy to calculate gas mileage; many cell phone apps exist to track this. The data in the following table is the gas mileage for Mr. Hebert's 2015 Jeep Wrangler Unlimited. 12.85 14.98 15.36 17.09 18.86 13.28 15.11 15.62 17.50 19.07 13.48 15.12 15.65 17.66 20.91 14.65 15.13 16.41 18.17 21.17 14.71 15.14 16.80 18.27 22.11 c. Find the five number summary. enter your response here, enter your response here, enter your response here, enter your response here, enter your response here
The following data show the brand, price , and the overall score for six stereo headphones that were tested by Consumer Reports (Consumer Reports website). The overall score is based on sound quality and effectiveness of ambient noise reduction. Scores range from (lowest) to (highest). The estimated regression equation for these data is , where and .

SEE MORE QUESTIONS

Recommended textbooks for you

MATLAB: An Introduction with Applications

Statistics

ISBN:

9781119256830

Author:

Amos Gilat

Publisher:

John Wiley & Sons Inc

Probability and Statistics for Engineering and th…

Statistics

ISBN:

9781305251809

Author:

Jay L. Devore

Publisher:

Cengage Learning

Statistics for The Behavioral Sciences (MindTap C…

Statistics

ISBN:

9781305504912

Author:

Frederick J Gravetter, Larry B. Wallnau

Publisher:

Cengage Learning

MATLAB: An Introduction with Applications

Statistics

ISBN:

9781119256830

Author:

Amos Gilat

Publisher:

John Wiley & Sons Inc

Probability and Statistics for Engineering and th…

Statistics

ISBN:

9781305251809

Author:

Jay L. Devore

Publisher:

Cengage Learning

Statistics for The Behavioral Sciences (MindTap C…

Statistics

ISBN:

9781305504912

Author:

Frederick J Gravetter, Larry B. Wallnau

Publisher:

Cengage Learning

Elementary Statistics: Picturing the World (7th E…

Statistics

ISBN:

9780134683416

Author:

Ron Larson, Betsy Farber

Publisher:

PEARSON

The Basic Practice of Statistics

Statistics

ISBN:

9781319042578

Author:

David S. Moore, William I. Notz, Michael A. Fligner

Publisher:

W. H. Freeman

Introduction to the Practice of Statistics

Statistics

ISBN:

9781319013387

Author:

David S. Moore, George P. McCabe, Bruce A. Craig

Publisher:

W. H. Freeman

SEE MORE TEXTBOOKS