EBK BUSINESS STATISTICS
EBK BUSINESS STATISTICS
7th Edition
ISBN: 8220102743984
Author: STEPHAN
Publisher: PEARSON
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Chapter 1, Problem 1.5AC

a.

To determine

To explain: Whether the variable “Amount of time spent shopping in the bookstore” is categorical or numerical and if it is numerical, then will it be discrete or continuous.

b.

To determine

To explain: Whether the variable “Number of textbooks purchased” is categorical or numerical and if it is numerical, then will it be discrete or continuous.

c.

To determine

To explain: Whether the variable “Academic major” is categorical or numerical and if it is numerical, then will it be discrete or continuous.

d.

To determine

To explain: Whether the variable “Gender” is categorical or numerical and if it is numerical, then will it be discrete or continuous.

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You have been hired as an intern to run analyses on the data and report the results back to Sarah; the five questions that Sarah needs you to address are given below.   Does there appear to be a positive or negative relationship between price and screen size? Use a scatter plot to examine the relationship. Determine and interpret the correlation coefficient between the two variables. In your interpretation, discuss the direction of the relationship (positive, negative, or zero relationship). Also discuss the strength of the relationship. Estimate the relationship between screen size and price using a simple linear regression model and interpret the estimated coefficients. (In your interpretation, tell the dollar amount by which price will change for each unit of increase in screen size). Include the manufacturer dummy variable (Samsung=1, 0 otherwise) and estimate the relationship between screen size, price and manufacturer dummy as a multiple linear regression model. Interpret the…
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