Suppose that a firm had the following profit and investment expenditures in each year from 2013-2021.Years20132014201520162017201820192020 2021Profits ($ millions) X554846432453556365Investment Expenditure ($ thousand) Y454735312853505061a) Construct a scatter plot diagram and comment on the relationship between y and xb) Calculate the correlation coefficient (r) between x and y and comment on the result.

Given: Data for X: 55,48,46,43,24,53,55,63,65Data for Y: 45,47,35,31,28,53,50,50,61

Answered: Suppose that a firm had the following…

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

X 33 46 72 105 114 Y 209 228 170 127 109 1) What is slope of the regression line predicting Y from X,rounded to 2 decimal places? 2) What is the intercept of the regression line predicting Y from X, rounded to 2 decimal places? 3) What is the correlation between X and Y, rounded to 2 decimal places?
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 $11.50 250 180
A departmental store has the following sales for a period of last one year of 8 salesmen, who have different years of education. Years of Education 8 10 10 12 14 16 Annual Sales (Thousand Tk.) 100 120 80 100 80 100 70 130 a. Determine the correlation coefficient r between the two variables. Answer rounded to at least 4 decimal places. b. Determine the slope coefficient B1 for the regression of annual sales on years of education. Answer rounded to at least 4 decimal places. c. Determine the y-intercept Bo for the regression of annual sales on years of education. Answer rounded to at least 4 decimal places. d. What will be the annual sales when the years of education is 11 (years)? Answer rounded to at least 4 decimal places. Thousand Tk.
Roller coasters get their speed as a result of dropping down a steep incline. The table below gives height of a drop and the speed achieved for different roller coasters around the world. Drop in Meters (m 25 30 28 58 55 40 90 100 Speed of the coaster (k.p.h) 80 90 78 93 90 93 105 128 Have your calculator find the linear regression for the roller coaster data above. Write the linear model, clearly define the variables and state correlation coefficient and clearly interpret the slope. Use the model to find the drop height that will result in a coaster speed of 150 kph. Have your calculator find the exponential regression for this data. Write the exponential model, clearly define the variables and state correlation coefficient. Use the model to find the drop height that will result in a…
The data below are the ages and annual pharmacy b ills (in dollars) of 9 randomly selected employees. Calculate the linear correlation coefficient.Age, x: 30, 33, 37, 40, 43, 45, 49, 53, 57Pharmacy bill ($), y: 119, 123, 126, 134, 145, 148, 151, 153, 155A. 0.890B. 0.908C. 0.998D. 0.960
A manager wishes to determine the relationship between the number of years the manager's sales representatives have been with the company and their average monthly sales (in thousands of dollars). Calculate the linear correlation coefficient.Years with company, x: 6,7,14,11,12,19,7,5,15Sales, y: 21,23,68,52,55,51,38,45,110
The age and prices of 11 Nissan cars given in the following data: Age (in years) 5 4 6 5 5 5 6 6 2 7 7 Price (in $100s) 85 103 70 82 89 98 66 95 169 70 48 a. Obtain the correlation coefficient between the age and price of the cars. Interpret the value of the correlation coefficient. b. Obtain a regression equation of Price (dependent variable) on Age (Independent variable). c. What will be the Price of the car after 3 years? d. Find the coefficient of determination. Determine the percent of variation that is explained by the regression equation clearly.
Determine if the correlation between the two given variables is likely to be positive or negative, or if they are not likely to display a linear relationship. A person's age and the clarity of their vision (positive, negative, or no correlation)
The below data represent the advertising expenditure and sales of Little Liu Ltd from year 2008 to 2017. Table: Advertising Expenditure vs. Sales from 2008 to 2017 Year Advert. Expenditure Sales (x, £000) (y, £000) 2008 8 30 2009 12 40 2010 11 29 2011 5 29 2012 14 43 2013 3 17 2014 6 20 2015 8 30 2016 4 22 2017 9 40 Total 80 300 Figure: Scatter Diagram of Advertising Expenditure and Sales with Trend line ( See picture) What is the statistical relationship shown in the Figure and list out 3 characteristics of this relationship? 2. Work out the values of parameters of the relationship shown in the Figure (i.e. work out the equation of the relationship). 3.Explain the relationship and make recommendations to Little Liu Ltd based on the information given.

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