Below is the Minitab display of the scatterplot and regression line for a sample of 10 pharmacies. The pharmacies are used to examine the relation between prescription sales volume and the percentage of prescription ingredients purchased directly from the supplier. Use the Minitab display to answer questions 22 through 25. Prescription Sales versus % of Prescription Ingredients Analyis y=4.70+1.97x 140 120 100 80 60 40 20 10 20 30 40 50 60 70 % of Prescription Ingredients Prescription Sales

MATLAB: An Introduction with Applications
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Author:Amos Gilat
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Chapter1: Starting With Matlab
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Below is the Minitab display of the scatterplot and regression line for a
sample of 10 pharmacies. The pharmacies are used to examine the relation
between prescription sales volume and the percentage of prescription
ingredients purchased directly from the supplier. Use the Minitab display
to answer questions 22 through 25.
Prescription Sales versus % of Prescription Ingredients Analyis
y=4.70+1.97x
140
120
100
80
60
40
20
10
20
30
40
50
60
70
% of Prescription Ingredients
Question 22. A student calculates the linear correlation coefficient and gets
r = 1.18. Which of the following statements correctly explains how you know
that student's calculation is incorrect?
(a) The value obtained for r cannot be more than 1.
(b) The value obtained for r cannot be positive.
(c) The value obtained for r should be -1.18.
(d) All of the above.
Prescription Sales
Transcribed Image Text:Below is the Minitab display of the scatterplot and regression line for a sample of 10 pharmacies. The pharmacies are used to examine the relation between prescription sales volume and the percentage of prescription ingredients purchased directly from the supplier. Use the Minitab display to answer questions 22 through 25. Prescription Sales versus % of Prescription Ingredients Analyis y=4.70+1.97x 140 120 100 80 60 40 20 10 20 30 40 50 60 70 % of Prescription Ingredients Question 22. A student calculates the linear correlation coefficient and gets r = 1.18. Which of the following statements correctly explains how you know that student's calculation is incorrect? (a) The value obtained for r cannot be more than 1. (b) The value obtained for r cannot be positive. (c) The value obtained for r should be -1.18. (d) All of the above. Prescription Sales
Question 23. A different student claims that the linear correlation coeffi-
cient is r =-0.46. Which of the following statements correctly explains how
you know that the student's calculation is incorrect?
(a) The value of r should be closer to -1.
(b) The slope of the regression line is positive.
(c) None of the above.
(d) All of the above.
Question 24. Which of the following is the best estimate for the value of
the linear correlation coefficient r?
(a) r is between -1.0 and -0.50
(b) r is between -0.50 and 0
(c) r is between 0 and 0.50
(d) r is between 0.50 and 1.0
Question 25. Predict sales volume for a pharmacy that purchases 15% of
its prescription ingredients directly from the supplier.
(a) 4.9955
(b) 34.25
(c) 7.655
(а) 44.1
Transcribed Image Text:Question 23. A different student claims that the linear correlation coeffi- cient is r =-0.46. Which of the following statements correctly explains how you know that the student's calculation is incorrect? (a) The value of r should be closer to -1. (b) The slope of the regression line is positive. (c) None of the above. (d) All of the above. Question 24. Which of the following is the best estimate for the value of the linear correlation coefficient r? (a) r is between -1.0 and -0.50 (b) r is between -0.50 and 0 (c) r is between 0 and 0.50 (d) r is between 0.50 and 1.0 Question 25. Predict sales volume for a pharmacy that purchases 15% of its prescription ingredients directly from the supplier. (a) 4.9955 (b) 34.25 (c) 7.655 (а) 44.1
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