Increase in sales(percent)An advertising firm wishes to demonstrate to its clients the effectiveness of the advertising campaigns it has conducted. The followingbivariate data on twelve recent campaigns, including the cost of each campaign (in millions of dollars) and the resulting percentageincrease in sales following the campaign, were presented by the firm. Based on these data, we would compute the least-squaresregression line to be y = 6.16+0.18x, with x representing campaign cost and y representing the resulting percentage increase in sales.(This line is shown below, along with a scatter plot of the data.)Increase in sales, yCampaign cost, x(in millions of dollars)(percent)3.026.917.2+1.926.803.836.856.8-1.406.376.6 -3.126.423.566.826.4-4.066.946.21.646.566-2.066.501.626.181.52.53.56.66Campaign cost(in millions of dollars)2.872.256.61Send data to calculatorBased on the firm's data and the regression line, complete the following.(a) For these data, values for campaign cost that are greater than the mean of the values for Based on the firm's data and the regression line, complete the following.(a) For these data, values for campaign cost that are greater than the mean of the values forcampaign cost tend to be paired with values for percentage increase in sales that are(Choose one)the mean of the values for percentage increase in sales.(b) According to the regression equation, for an increase of one million dollars in advertisingcampaign cost, there is a corresponding increase of how many percent in sales?

d on the firm's data and the regression line, complete the following. (a) For these data, values for campaign cost that are greater than the mean of the values for campaign cost tend to be paired with values for percentage increase in sales that are (Choose one) the mean of the values for percentage increase in sales. (b) According to the regression equation, for an increase of one million dollars in advertising campaign cost, there is a corresponding increase of how many percent in sales?

d on the firm's data and the regression line, complete the following. (a) For these data, values for campaign cost that are greater than the mean of the values for campaign cost tend to be paired with values for percentage increase in sales that are (Choose one) the mean of the values for percentage increase in sales. (b) According to the regression equation, for an increase of one million dollars in advertising campaign cost, there is a corresponding increase of how many percent in sales?

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

10) Using advertised prices for used Ford Escorts a linear model for the relationship between a car's age and its price is found. The regression has an R2-87.4%. Write a sentence summarizing what R2 says about this regression. A) The age of the car explains 9.35% of the variation in price. B) The price of the car explains 12.6% of the variation in age. C) The age of the car explains 87.4% of the variation in price. D) The price of the car explains 87.4% of the variation in age. E) The age of the car explains 12.6% of the variation in price. Solve. Round to two decimal places if necessary. 11) At one college, 68% of students have credit cards. A credit card company, looking for new customers, sets up a booth at the college. If they pick students at random, how many students should they expect to talk to before finding one who does not have a credit card? A) 32 B) 3.13 D) 68 C) 0.32 E) 1.47
The price (in Tk.) and demand (in kg) of a product is given in the following table: Price (Tk.) 25 37 40 45 48 50 55 70 Demand (kg) 10 8 9 7.5 4.5 3 2 a. Determine the coefficient of correlation between the two variables. Answer rounded to three decimal places. b. Determine the slope coefficient B1 for the regression of Demand on Price. Answer rounded to three decimal places. c. Determine the y-intercept Bo for the regression of Demand on Price. Answer rounded to two decimal places. d. What will be the demand when price is Tk. 52? Answer rounded to two decimal places. LO
The datasetBody.xlsgives the percent of weight made up of body fat for 100 men as well as other variables such as Age, Weight (lb), Height (in), and circumference (cm) measurements for the Neck, Chest, Abdomen, Ankle, Biceps, and Wrist. We are interested in predicting body fat based on abdomen circumference. Find the equation of the regression line relating to body fat and abdomen circumference. Make a scatter-plot with a regression line. What body fat percent does the line predict for a person with an abdomen circumference of 110 cm? One of the men in the study had an abdomen circumference of 92.4 cm and a body fat of 22.5 percent. Find the residual that corresponds to this observation. Bodyfat Abdomen 32.3 115.6 22.5 92.4 22 86 12.3 85.2 20.5 95.6 22.6 100 28.7 103.1 21.3 89.6 29.9 110.3 21.3 100.5 29.9 100.5 20.4 98.9 16.9 90.3 14.7 83.3 10.8 73.7 26.7 94.9 11.3 86.7 18.1 87.5 8.8 82.8 11.8 83.3 11 83.6 14.9 87 31.9 108.5 17.3…
Pa.n.n
The monthly water consumption (thousand liters) and the number of household members in eight private single-family residences is given in the following table: No. of members 12 14 6. 10 8 10 10 Water use (thousand liters) 7 10 5 8 8 10 a. Determine the slope coefficient B1 for the regression of water use given No. of household members. Answer rounded to three decimal places. b. Determine the y-intercept Bo for the regression of water use given No. of household members. Answer rounded to two decimal places. c. Determine the water use for a five-member household. Answer rounded to two decimal places. thousand liters
I’m taking a statistics and probability class. Please get this correct because I want to learn. I have gotten wrong answers on here before
Listed below are foot lengths (mm) and heights (mm) of males. Find the regression equation, letting foot length be the predictor (x) variable. Find the best predicted height of a male with a foot length of 272.8 mm. How does the result compare to the actual height of 1776 mm? Foot Length 281.8 277.9 253.3 259.2 279.0 258.0 274.0 262.4 Height 1784.7 1771.2 1676.0 1645.9 1858.9 1710.1 1788.9 1737.0 The regression equation is y=enter your response here+enter your response herex. (Round the y-intercept to the nearest integer as needed. Round the slope to two decimal places as needed.) The best predicted height of a male with a foot length of 272.8 mm is enter your response heremm. (Round to the nearest integer as needed.)
Using the data, run a regression where you control for “Promotion,” and test the effect of “Wins” on “Attendance”. What should be the attendance if the number of wins is 10? Wins Promotion Attendance 4 29500 36300 6 55700 40100 6 71300 41200 8 87000 53000 6 75000 44000 7 72000 45600 5 55300 39000 7 81600 47500
5. The table below shows varying prices of music sold on a streaming service. Determine the linear regression to estimate the weekly sales of albums sold, use your regression to estimate the weekly sales if the price is $9 per album, and state the correlation coefficient, r, and interpret its meaning in the context of this problem. Price ($) Weekly sales (in thousands) $8 440 $8.50 380 $10 $11.50 250 180
Listed below are foot lengths (mm) and heights (mm) of males. Find the regression equation, letting foot length be the predictor (x) variable. Find the best predicted height of a male with a foot length of 273.3 mm. How does the result compare to the actual height of 1776 mm? Foot Length 281.9 278.3 253.2 258.7 278.7 257.8 274.2 262.2 Height 1784.8 1771.0 1675.6 1645.9 1858.7 1710.1 1789.2 1737.4 the regression equation is y=enter your response here+enter your response herex. (Round the y-intercept to the nearest integer as needed. Round the slope to two decimal places as needed.) The best predicted height of a male with a foot length of 273.3 mm is enter your response here mm. (Round to the nearest integer as needed.)
Suppose that you are interested in the relationship between Reading and Writing scores. (c) Compute and interpret the R2 value for the relationship between Reading and Writing scores. (d) Interpret the value of the slope in the regression model predicting Reading scores from Writing scores. RDG WRTG 34 44 47 36 42 59 39 41 36 49 50 46 63 65 44 52 47 41 44 50 50 62 44 41 47 40 42 59 42 41 47 41 60 65 39 49 57 54 73 65 47 46 39 44 35 39 39 41 48 49 31 41 52 63 47 54 36 44 47 44 34 46 52 57 42 40 37 44 44 33 71 58 47 46 42 33 42 36 47 41 52 54 52 54 39 39 31 41 60 54 47 31 39 28 42 36 47 57 42 49 36 41 50 33 34 34 55 55 28 46 42 42 44 44 60 52 39 57 36 37 44 44 39 42 39 34 42 39 42 44 52 54 65 65 42 26 47 62 52 62 44 54 52 54 47 44 65 57 63 65 60 59 47 44 65 57 53 61 68 63 55 56 39 53 52 52 65 67 52 44 57 67 63…
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.