The following are the monthly figures of advertising expenditure and salesofa firm. It is generally found that advertising expenditure has its impact on sales after 2months. Allowing for this time lag, calculate coefficient of correlation.AdvertisingExpenditure('000)SalesMonthsAdvertisingExpenditure('000)MonthsSales1,200JulyAug.Jan.501402,400Feb.601,5001602,600March701,600Sep.1702,800902,000Oct.1902,900AprilMay1202,200Nov.2003,100June1502,500Dec.2503,900

Answered: Image /qna-images/answer/f6e7a129-38c7-42f4-917a-494590d8c576.jpg

Answered: The following are the monthly figures…

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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Let x be the average number of employees in a group health insurance plan, and let y be the average administrative cost as a percentage of claims. x 3 7 15 32 75 y 40 35 30 26 18 (a) Make a scatter diagram of the data and visualize the line you think best fits the data. Flash Player version 10 or higher is required for this question. You can get Flash Player free from Adobe's website. (b) Would you say the correlation is low, moderate, or strong? positive or negative? strong and negative moderate and negative strong and positive low and negative low and positive moderate and positive (c) Use a calculator to verify that Σx = 132, Σx2 = 6932, Σy = 149, Σy2 = 4725, and Σxy = 2997. Compute r. (Round your answer to three decimal places.)r = As x increases, does the value of r imply that y should tend to increase or decrease? Explain. Given our value of r, we cannot draw any conclusions for the behavior of y as x increases. Given our value of r, y should tend to…
The sales manager of a real estate company collected information about the annual sales of his sales agents and their years of experience in selling. Salesperson A B C D E F G Years of experience 1 1 3 4 4 5 6 Annual sales (in thousand pesos) 50 30 80 100 90 120 135 a. Using any statistical software, produce a scatter diagram for these data with years of experience as the independent variable and annual sales as the dependent variable. b. Describe the form, trend, and strength of their association.
Given the graph below, what type of correlation would you predict there is between the variables? CAR PRICE DEPENDING ON AGE Price (dollars) 10000 9000 8000 7000 6000 5000 4000 3000 2000 1000- 4. 10 Age (years) O Positive correlation O Negative correlation O No correlation
Suppose the correlation between height and weight for adults is +0.40.What proportion (or percent) of the variability in weight can be explained by the relationship with height?
am. 13.
For major league baseball teams, is there a relationship between player payrolls and gate money? Here are data for each of the American League teams for the year 2000. The variable x denotes the 2000 player payroll (in millions of dollars), and the variable y denotes the mean attendance (in thousands of fans) for the 81 home games that year. The data are plotted in the Figure 1 scatter plot. Also given is the product of the player payroll and the mean attendance for each of the fourteen teams. (These products, written in the column labelled "xy", may aid in calculations.) Anaheim Baltimore Boston Chicago White Sox Cleveland Detroit Kansas City Minnesota Mean Player payroll, x attendance, y (in $1,000,000s) thousands) New York Yankees Oakland Seattle Tampa Bay Texas Toronto Send data to calculator 59.2 80.5 97.0 42.3 90.5 68.6 31.8 23.5 114.3 43.0 69.9 65.2 72.7 66.8 25.56 40.74 31.98 24.07 42.72 31.23 20.74 13.09 39.88 21.36 38.89 18.27 34.57 22.47 xy x 1513.152 3279.57 3102.06…
I need expert advice please especially with the graph. The table below shows monthly data collected on production costs and on the number of units produced over a twelve month period. Month Total Production Costs Level of Activity(Units Produced) July $230,000 3,500August 250,000 3,750September 260,000 3,800October 220,000 3,400November 340,000 5,800December 330,000 5,500January 200,000 2,900February 210,000 3,300March 240,000…
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.
Susan, a personal trainer, was interested in whether or not there was a linear relationship between the number of visits her clients made to the gym each week and the average amount of time her clients exercised per visit. She took the following data. Client 1 2 3 4 5 6 Number of visits per week 1 3 4 2 3 5 Average time spent exercising per visit (hours) 2 1.5 1 2 2 0.30 Using the best fit line, estimate the average time spent exercising per visit for 4 visits per week. Group of answer choices 1.03 hours 1 hour 10.3 hours 2 hours

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