**Car Rental Market Analysis for Six Smaller Car Rental Companies**In the highly competitive U.S. car rental market, companies greatly vary in terms of fleet size, facility locations, and annual revenue. Hertz, the market leader as of 2011, operates a fleet of 320,000 cars and achieves annual revenue of approximately $4.2 billion. Below is an analysis of six smaller car rental companies, highlighting the relationship between the number of cars in service (in thousands) and their respective annual revenues (in millions of dollars).| Company | Cars in Service (1,000s) | Revenue ($ millions) ||---------|--------------------------|----------------------|| Company A | 11.5 | 118 || Company B | 10.0 | 137 || Company C | 9.0 | 102 || Company D | 5.5 | 39 || Company E | 4.2 | 40 || Company F | 3.3 | 32 |### (a) Scatter Diagram AnalysisThe scatter diagram below uses the number of cars in service as the independent variable (X-axis) and the annual revenue as the dependent variable (Y-axis). This visual representation helps identify any potential correlation between the two variables.- **Graph Analysis**: - Horizontal Axis (X): Cars in Service (1,000s) - Vertical Axis (Y): Annual Revenue ($ millions)Below are different scatter diagrams that were assessed to determine the most accurate representation:1. Incorrect scatter diagram2. Incorrect scatter diagram3. Correct scatter diagram: A positive linear relationship is observed.4. Incorrect scatter diagram![Scatter Diagram](scatter-diagram.png)### (b) Interpretation of Scatter DiagramThe correct scatter diagram indicates that **there appears to be a positive linear relationship between cars in service (1,000s) and annual revenue ($ millions)**. As the number of cars in service increases, the annual revenue tends to increase as well.### (c) Estimated Regression EquationUsing the least squares method, the following estimated regression equation is derived to predict annual revenue ($ millions) based on the number of cars in service (1,000s):\[ \hat{y} = -16.71 + 13.0x \]This regression equation can be used to estimate how changes in the number of cars in service will affect the annual revenue.### ConclusionBy analyzing these variables, smaller car

Scatterplot Dots are used to demonstrate information from two unrelated quantitative variables in a…

Answered: Companies in the U.S. car rental market…

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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The Hollywood film industry is a competitive business. More than 50 studios produce a total of 400 to 500 new films each year. The final success of each film varies considerably. The total of the worldwide gross sales is commonly used to measure the success of each film. The table below indicates the top 10 highest grossing films of all time. Rank Title Total Worldwide Gross Sales (USD Billions) Yea 1 Avatar $2,80 200 2 Avengers: Endgame $2,79 201 3 Titanic $2,18 199 4 Star Wars: The Force Awakens $2,06 201 5 Avengers: Infinity War $2,04 201 6 Spider-Man: No Way Home $1,90 202 7 Jurassic World $1,67 201 8 The Lion King $1,65 201 9 The Avengers $1,51 201 10 Furious 7 $1,50 201 Use a calculation tool like Excel to determine the standard deviation of the total worldwide gross sales. Enter only your final answer into the textbox below. Round your final answer off to 2 decimal places. Use a period (.) instead of a comma (,) to indicate the decimal place.
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The table shows the 2013 per capita total expenditure on health in 35 countries with the highest gross domestic product in 2013. Health expenditure per capita is the sum of public and private health expenditure (in PPP, international $) divided by population. Health expenditures include the provision of health services, family‑planning activities, nutrition activities, and emergency aid designated for health but exclude the provision of water and sanitation. Per Capita Total Expenditure on Health (International Dollars) Country Dollars Country Dollars Country Dollars Argentina 17251725 Indonesia 293293 Saudi Arabia 16811681 Australia 41914191 Iran 14141414 South Africa 11211121 Austria 48854885 Italy 31263126 Spain 28462846 Belgium 45264526 Japan 37413741 Sweden 42444244 Brazil 14541454 Korea, South 23982398 Switzerland 61876187 Canada 47594759 Malaysia 938938 Thailand 658658 China 646646 Mexico 10611061 Turkey 10531053 Colombia 843843 Netherlands 56015601 United…
8) 8x 6x hp %24
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