QUESTION THREE The following table shows, for eight vintages of select wine, purchases per buyer (y) and the buyer's rating in a year (x): X 3.6 3.2 3.1 6.0 4.1 2.5 3.0 5.1 20 22 23 17 28 25 20 28 Y
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- Find the value of mode from the data given below: Weight (kg) 2 113-1 17 Weight (kg.) No. of students No. of students 93-97 14 5 118-122 12 123-127 17 128-132 98-102 6. 103-107 108-112Given the weekly price and quantity (Qx and (Px) data for Andy’s ice cream over the past 12 weeks and the price of another ice-cream flavor (Po) as: Qx 84 82 85 83 82 84 87 81 82 79 82 78 Px 8.50 9.00 8.75 9.25 9.50 9.25 8.25 10.00 10.00 10.50 9.50 10.25 Po 5.25 6.00 6.00 6.50 6.25 6.25 5.25 7.00 7.25 7.25 6.75 7.25 a. Use excel regression to estimate the weekly demand for Andy’s ice-cream (attach the output of the regression estimate (Hint: Use regression in excel to find the estimated demand function: Enter the data in excel, click on Data Analysis, and use the regression command). b. Are the coefficients on the two prices statistically significantly different from zero at the 5% significance level? How do you know? c. What the R2? d. Explain what R2 means.Following shows the numbers of Amazon Prime members in the millions, each quarter from 2016 to 2021. Quarter 2016 2017 2018 2019 2020 2021 1 26 36 48 62 81 98 2 27 37 50 65 83 103 3 29 40 53 69 86 109 4 33 44 57 74 93 117 Construct a line chart using the data. Describe the relationship between the time and number of subscribers.
- The population of a certain city is shown in the following table during 1910 to 1950. Year 1910 1920 1930 1940 1950 Рорulation (in thousands) 22.6 45 26 48 60 Find the population increase between I. 1918 to 1920 II. 1932 to 1936 III. 1947 to 1950The following data relate sizes of the shoes sold at a store during a Number of pairs Size of shoes Number of pairs Size of shoes 1 8.0 4.5 95 8.5 5.0 82 5.5 4 9.0 75 6.0 5 9.5 44 6.5 15 10.0 25 7.0 30 10.5 15 7.5 60 11.0 4mpute Marshall – Edgeworth price index number for the following data by taking 2016 as base year. Items sold out in a men's wear 2017. 2016 GRSH Prices Quantity Quantity Prices Shirts 900 175 700 150 Pants 1200 150 1000 100 Sandals 600 100 500 70 Shoes 1800 60 1500 50 150 Belts Watches 400 100 600 250 300 1500 1200
- For the following question, look at the table below that shows the frequency of ages in a sample: Cumulative Age in Years Frequency Percent Percent 18 5 5% 5% 20 15 15% 20% 21 13 13% 33% 22 10 10% 43% 25 25 25% 68% 28 11 11% 79% 30 12 12% 91% 32 5% 96% 35 4 4% 100% What percent of the sample is 30 years old or younger? 12% 68% 91% 11 participantsFrom the following data compute the consumer price Index for the year 1998 w.r.t. the price level of 1997. Food Items Food Rent Clothing Fuel Weight Percentage of increase in prices over the price of 1997 Misc. 7.5 2 2.5 Rice Whe Pul 3 1 50 60 40 20 30A Paasche price index for each year.
- The following graph shows the average grade point average for a particular college from 2004 until 2011. Average GPA 3.20 OA OC OD 3.15 3.10 3.05 3.00 2.95 2.90 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 Year Which one of the following statements is correct? A) Historically, the Average GPA of the college tends to decrease. B) There appears to be no relationship between Year and Average GPA. C) Year is the dependent variable in the graph. D) Average GPA is the dependent variable in the graph.squares from the data given below and estimate the sales for 1983 : Calculate trend values by the method of least Year : 1976 1977 1978 1979 1980 Sales of Co. A ( $ lakhs) 70 74 80 86 90 :For a particular red wine, the following data show the auction price for a 750-milliliter bottle and the age of the wine in June of 2016. Age (years) 37 20 29 33 41 26 29 45 34 22 Price ($) 256 142 217 255 331 168 209 297 237 182