
Elementary Statistics: Picturing the World Books a la carte Plus MyLab Statistics with Pearson eText -- Access Card Package (7th Edition)
7th Edition
ISBN: 9780134685205
Author: Ron Larson, Betsy Farber
Publisher: PEARSON
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Textbook Question
Chapter 5.4, Problem 25E
Interpreting the Central Limit Theorem In Exercises 19–26, find the
25. Salaries The annual salary for senior-level chemical engineers is
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(c) Because logistic regression predicts probabilities of outcomes, observations used to build a logistic regression model need not be independent.
A. false: all observations must be independent
B. true
C. false: only observations with the same outcome need to be independent
I ANSWERED: A. false: all observations must be independent.
(This was marked wrong but I have no idea why. Isn't this a basic assumption of logistic regression)
Business discuss
Spam filters are built on principles similar to those used in logistic regression. We fit a probability that each message is spam or not spam. We have several variables for each email. Here are a few: to_multiple=1 if there are multiple recipients, winner=1 if the word 'winner' appears in the subject line, format=1 if the email is poorly formatted, re_subj=1 if "re" appears in the subject line. A logistic model was fit to a dataset with the following output:
Estimate
SE
Z
Pr(>|Z|)
(Intercept)
-0.8161
0.086
-9.4895
0
to_multiple
-2.5651
0.3052
-8.4047
0
winner
1.5801
0.3156
5.0067
0
format
-0.1528
0.1136
-1.3451
0.1786
re_subj
-2.8401
0.363
-7.824
0
(a) Write down the model using the coefficients from the model fit.log_odds(spam) = -0.8161 + -2.5651 + to_multiple + 1.5801 winner + -0.1528 format + -2.8401 re_subj(b) Suppose we have an observation where to_multiple=0, winner=1, format=0, and re_subj=0. What is the predicted probability that this message is spam?…
Chapter 5 Solutions
Elementary Statistics: Picturing the World Books a la carte Plus MyLab Statistics with Pearson eText -- Access Card Package (7th Edition)
Ch. 5.1 - 1. Which normal curve has the greatest mean? 2....Ch. 5.1 - The scaled test scores for the New York State...Ch. 5.1 - A U.S. adult who is at least 20 years old is...Ch. 5.1 - Find the area under the standard normal curve to...Ch. 5.1 - Find the area under the standard normal curve to...Ch. 5.1 - Find the area under the standard normal curve...Ch. 5.1 - Find three real-life examples of a continuous...Ch. 5.1 - In a normal distribution, which is greater, the...Ch. 5.1 - What is the total area under the normal curve?Ch. 5.1 - What do the inflection points on a normal...
Ch. 5.1 - Draw two normal curves that have the same mean but...Ch. 5.1 - Draw two normal curves that have different means...Ch. 5.1 - What is the mean of the standard normal...Ch. 5.1 - Describe how you can transform a nonstandard...Ch. 5.1 - Getting at the Concept Why is it correct to say a...Ch. 5.1 - Getting at the Concept A z-score is 0. Which of...Ch. 5.1 - Graphical Analysis In Exercises 1116, determine...Ch. 5.1 - Graphical Analysis In Exercises 1116, determine...Ch. 5.1 - Graphical Analysis In Exercises 1116, determine...Ch. 5.1 - Graphical Analysis In Exercises 1116, determine...Ch. 5.1 - Graphical Analysis In Exercises 1116, determine...Ch. 5.1 - Graphical Analysis In Exercises 1116, determine...Ch. 5.1 - Finding Area In Exercises 1722, find the area of...Ch. 5.1 - Finding Area In Exercises 1722, find the area of...Ch. 5.1 - Finding Area In Exercises 1722, find the area of...Ch. 5.1 - Finding Area In Exercises 1722, find the area of...Ch. 5.1 - Finding Area In Exercises 1722, find the area of...Ch. 5.1 - Finding Area In Exercises 1722, find the area of...Ch. 5.1 - Finding Area In Exercises 2336, find the indicated...Ch. 5.1 - Finding Area In Exercises 2336, find the indicated...Ch. 5.1 - Finding Area In Exercises 2336, find the indicated...Ch. 5.1 - Finding Area In Exercises 2336, find the indicated...Ch. 5.1 - Finding Area In Exercises 2336, find the indicated...Ch. 5.1 - Finding Area In Exercises 2336, find the indicated...Ch. 5.1 - Finding Area In Exercises 2336, find the indicated...Ch. 5.1 - Finding Area In Exercises 2336, find the indicated...Ch. 5.1 - Finding Area In Exercises 2336, find the indicated...Ch. 5.1 - Finding Area In Exercises 2336, find the indicated...Ch. 5.1 - Finding Area In Exercises 2336, find the indicated...Ch. 5.1 - Finding Area In Exercises 2336, find the indicated...Ch. 5.1 - Finding Area In Exercises 2336, find the indicated...Ch. 5.1 - Finding Area In Exercises 2336, find the indicated...Ch. 5.1 - Manufacturer Claims You work for a consumer...Ch. 5.1 - Milk Consumption You are performing a study about...Ch. 5.1 - Computing and Interpreting z-Scores In Exercises...Ch. 5.1 - Computing and Interpreting z-Scores In Exercises...Ch. 5.1 - Finding Probability In Exercises 4146, find the...Ch. 5.1 - Finding Probability In Exercises 4146, find the...Ch. 5.1 - Finding Probability In Exercises 4146, find the...Ch. 5.1 - Finding Probability In Exercises 4146, find the...Ch. 5.1 - Finding Probability In Exercises 4146, find the...Ch. 5.1 - Finding Probability In Exercises 4146, find the...Ch. 5.1 - Finding Probability In Exercises 4756, find the...Ch. 5.1 - Finding Probability In Exercises 4756, find the...Ch. 5.1 - Finding Probability In Exercises 4756, find the...Ch. 5.1 - Finding Probability In Exercises 4756, find the...Ch. 5.1 - Finding Probability In Exercises 4756, find the...Ch. 5.1 - Finding Probability In Exercises 4756, find the...Ch. 5.1 - Finding Probability In Exercises 4756, find the...Ch. 5.1 - Finding Probability In Exercises 4756, find the...Ch. 5.1 - Finding Probability In Exercises 4756, find the...Ch. 5.1 - Finding Probability In Exercises 4756, find the...Ch. 5.1 - Writing Draw a normal curve with a mean of 60 and...Ch. 5.1 - Writing Draw a normal curve with a mean of 450 and...Ch. 5.1 - Prob. 59ECh. 5.1 - Uniform Distribution A uniform distribution is a...Ch. 5.2 - The average speed of vehicles traveling on a...Ch. 5.2 - What is the probability that the shopper in...Ch. 5.2 - Find the cumulative area that corresponds to a...Ch. 5.2 - Computing Probabilities for Normal Distributions...Ch. 5.2 - Computing Probabilities for Normal Distributions...Ch. 5.2 - Computing Probabilities for Normal Distributions...Ch. 5.2 - Computing Probabilities for Normal Distributions...Ch. 5.2 - Computing Probabilities for Normal Distributions...Ch. 5.2 - Computing Probabilities for Normal Distributions...Ch. 5.2 - Finding Probabilities for Normal Distributions In...Ch. 5.2 - Finding Probabilities for Normal Distributions In...Ch. 5.2 - Finding Probabilities for Normal Distributions In...Ch. 5.2 - Finding Probabilities for Normal Distributions In...Ch. 5.2 - Finding Probabilities for Normal Distributions In...Ch. 5.2 - Finding Probabilities for Normal Distributions In...Ch. 5.2 - Graphical Analysis In Exercises 1316, a member is...Ch. 5.2 - Graphical Analysis In Exercises 1316, a member is...Ch. 5.2 - Graphical Analysis In Exercises 1316, a member is...Ch. 5.2 - Graphical Analysis In Exercises 1316, a member is...Ch. 5.2 - Using Normal Distributions In Exercises 1720,...Ch. 5.2 - Using Normal Distributions In Exercises 1720,...Ch. 5.2 - Using Normal Distributions In Exercises 1720,...Ch. 5.2 - Using Normal Distributions In Exercises 1720,...Ch. 5.2 - In Exercises 2124, a control chart is shown. Each...Ch. 5.2 - In Exercises 2124, a control chart is shown. Each...Ch. 5.2 - In Exercises 2124, a control chart is shown. Each...Ch. 5.2 - In Exercises 2124, a control chart is shown. Each...Ch. 5.3 - 1. Find the z-score that has 96.16% of the...Ch. 5.3 - Find the z-score that corresponds to each...Ch. 5.3 - A veterinarian records the weights of dogs treated...Ch. 5.3 - A researcher tests the braking distances of...Ch. 5.3 - The lengths of time employees have worked at a...Ch. 5.3 - Finding a z-Score In Exercises 116, use the...Ch. 5.3 - Finding a z-Score In Exercises 116, use the...Ch. 5.3 - Prob. 3ECh. 5.3 - Finding a z-Score In Exercises 116, use the...Ch. 5.3 - Prob. 5ECh. 5.3 - Prob. 6ECh. 5.3 - Prob. 7ECh. 5.3 - Finding a z-Score In Exercises 116, use the...Ch. 5.3 - Prob. 9ECh. 5.3 - Finding a z-Score In Exercises 116, use the...Ch. 5.3 - Finding a z-Score In Exercises 116, use the...Ch. 5.3 - Finding a z-Score In Exercises 116, use the...Ch. 5.3 - Prob. 13ECh. 5.3 - Prob. 14ECh. 5.3 - Prob. 15ECh. 5.3 - Prob. 16ECh. 5.3 - Graphical Analysis In Exercises 1722, find the...Ch. 5.3 - Graphical Analysis In Exercises 1722, find the...Ch. 5.3 - Prob. 19ECh. 5.3 - Graphical Analysis In Exercises 1722, find the...Ch. 5.3 - Graphical Analysis In Exercises 1722, find the...Ch. 5.3 - Graphical Analysis In Exercises 1722, find the...Ch. 5.3 - Finding a z-Score Given an Area In Exercises 2330,...Ch. 5.3 - Finding a z-Score Given an Area In Exercises 2330,...Ch. 5.3 - Finding a z-Score Given an Area In Exercises 2330,...Ch. 5.3 - Finding a z-Score Given an Area In Exercises 2330,...Ch. 5.3 - Finding a z-Score Given an Area In Exercises 2330,...Ch. 5.3 - Finding a z-Score Given an Area In Exercises 2330,...Ch. 5.3 - Find the positive z-score for which 80% of the...Ch. 5.3 - Find the positive z-score for which 12% of the...Ch. 5.3 - Finding Specified Data Values In Exercises 3138,...Ch. 5.3 - Finding Specified Data Values In Exercises 3138,...Ch. 5.3 - Finding Specified Data Values In Exercises 3138,...Ch. 5.3 - Finding Specified Data Values In Exercises 3138,...Ch. 5.3 - Undergraduate Grade Point Average The...Ch. 5.3 - GRE Scores The test scores for the analytical...Ch. 5.3 - Finding Specified Data Values In Exercises 3138,...Ch. 5.3 - Finding Specified Data Values In Exercises 3138,...Ch. 5.3 - Bags of Baby Carrots The weights of bags of baby...Ch. 5.3 - Writing a Guarantee You sell a brand of automobile...Ch. 5.3 - Vending Machine A vending machine dispenses coffee...Ch. 5.3 - History Grades In a large section of a history...Ch. 5.3 - CASE STUDY Birth Weights in America The National...Ch. 5.3 - CASE STUDY Birth Weights in America The National...Ch. 5.3 - CASE STUDY Birth Weights in America The National...Ch. 5.3 - CASE STUDY Birth Weights in America The National...Ch. 5.3 - Prob. 5CSCh. 5.4 - List all possible samples of size n = 3. with...Ch. 5.4 - Random samples of size 64 are drawn from the...Ch. 5.4 - The diameters of fully grown white oak trees are...Ch. 5.4 - You randomly select 100 drivers ages 16 to 19 from...Ch. 5.4 - The average sales price of a single-family house...Ch. 5.4 - A consumer price analyst claims that prices for...Ch. 5.4 - In Exercises 14, a population has a mean and a...Ch. 5.4 - In Exercises 14, a population has a mean and a...Ch. 5.4 - In Exercises 14, a population has a mean and a...Ch. 5.4 - In Exercises 14, a population has a mean and a...Ch. 5.4 - True or False? In Exercises 58, determine whether...Ch. 5.4 - True or False? In Exercises 58, determine whether...Ch. 5.4 - True or False? In Exercises 58, determine whether...Ch. 5.4 - True or False? In Exercises 58, determine whether...Ch. 5.4 - Graphical Analysis In Exercises 9 and 10, the...Ch. 5.4 - Graphical Analysis In Exercises 9 and 10, the...Ch. 5.4 - A Sampling Distribution of Sample Means In...Ch. 5.4 - A Sampling Distribution of Sample Means In...Ch. 5.4 - A Sampling Distribution of Sample Means In...Ch. 5.4 - A Sampling Distribution of Sample Means In...Ch. 5.4 - Finding Probabilities In Exercises 1518, the...Ch. 5.4 - Finding Probabilities In Exercises 1518, the...Ch. 5.4 - Finding Probabilities In Exercises 1518, the...Ch. 5.4 - Finding Probabilities In Exercises 1518, the...Ch. 5.4 - Interpreting the Central Limit Theorem In...Ch. 5.4 - Interpreting the Central Limit Theorem In...Ch. 5.4 - Interpreting the Central Limit Theorem In...Ch. 5.4 - Interpreting the Central Limit Theorem In...Ch. 5.4 - Interpreting the Central Limit Theorem In...Ch. 5.4 - Interpreting the Central Limit Theorem In...Ch. 5.4 - Interpreting the Central Limit Theorem In...Ch. 5.4 - Interpreting the Central Limit Theorem In...Ch. 5.4 - Repeat Exercise 19 for samples of size 40 and 60....Ch. 5.4 - Repeat Exercise 20 for samples of size 72 and 108....Ch. 5.4 - Finding Probabilities for Sampling Distributions...Ch. 5.4 - Finding Probabilities for Sampling Distributions...Ch. 5.4 - Finding Probabilities for Sampling Distributions...Ch. 5.4 - Finding Probabilities for Sampling Distributions...Ch. 5.4 - Which Is More Likely? Assume that the childhood...Ch. 5.4 - Which Is More Likely? Assume that the carbon...Ch. 5.4 - Paint Cans A machine is set to fill paint cans...Ch. 5.4 - Milk Containers A machine is set to fill milk...Ch. 5.4 - Finding Probabilities for Sampling Distributions...Ch. 5.4 - Finding Probabilities for Sampling Distributions...Ch. 5.4 - In Exercises 39 and 40, determine whether the...Ch. 5.4 - In Exercises 39 and 40, determine whether the...Ch. 5.4 - Sampling Distribution of Sample Proportions For a...Ch. 5.4 - Sampling Distribution of Sample Proportions For a...Ch. 5.4 - Run the simulation using n = 30 and N = 10 for a...Ch. 5.4 - Run the simulation using n = 50 and N = 10 for a...Ch. 5.5 - A binomial experiment is listed. Determine whether...Ch. 5.5 - Use a continuity correction to convert each...Ch. 5.5 - In a survey of adults in the United States, 29%...Ch. 5.5 - In Example 4, what is the probability that at most...Ch. 5.5 - The study in Example 5 found that 32.0% of all men...Ch. 5.5 - In Exercises 14, the sample size n,. probability...Ch. 5.5 - In Exercises 14, the sample size n,. probability...Ch. 5.5 - Prob. 3ECh. 5.5 - Prob. 4ECh. 5.5 - In Exercises 5-8, match the binomial probability...Ch. 5.5 - In Exercises 5-8, match the binomial probability...Ch. 5.5 - In Exercises 5-8, match the binomial probability...Ch. 5.5 - In Exercises 5-8, match the binomial probability...Ch. 5.5 - In Exercises 9-14, write the binomial probability...Ch. 5.5 - In Exercises 9-14, write the binomial probability...Ch. 5.5 - In Exercises 9-14, write the binomial probability...Ch. 5.5 - In Exercises 9-14, write the binomial probability...Ch. 5.5 - In Exercises 9-14, write the binomial probability...Ch. 5.5 - In Exercises 9-14, write the binomial probability...Ch. 5.5 - Graphical Analysis In Exercises 15 and 16, write...Ch. 5.5 - Graphical Analysis In Exercises 15 and 16, write...Ch. 5.5 - Approximating a Binomial Distribution In Exercises...Ch. 5.5 - Approximating a Binomial Distribution In Exercises...Ch. 5.5 - Approximating Binomial Probabilities In Exercises...Ch. 5.5 - Approximating Binomial Probabilities In Exercises...Ch. 5.5 - Approximating Binomial Probabilities In Exercises...Ch. 5.5 - Approximating Binomial Probabilities In Exercises...Ch. 5.5 - Approximating Binomial Probabilities In Exercises...Ch. 5.5 - Approximating Binomial Probabilities In Exercises...Ch. 5.5 - Approximating Binomial Probabilities In Exercises...Ch. 5.5 - Approximating Binomial Probabilities In Exercises...Ch. 5.5 - Minimum Wage About 3.3% of hourly paid U.S....Ch. 5.5 - Education A survey of U.S. adults found that 8%...Ch. 5.5 - Getting Physical The figure shows the results of a...Ch. 5.5 - Getting Physical The figure shows the results of a...Ch. 5.5 - Testing a Drug A drug manufacturer claims that a...Ch. 5.5 - Testing a Drug A drug manufacturer claims that a...Ch. 5 - Is It Unusual? A population is normally...Ch. 5 - Find the Error The mean age of students at a high...Ch. 5 - Give an example of a distribution that might be...Ch. 5 - In Exercises I and 2, use the normal curve to...Ch. 5 - In Exercises I and 2, use the normal curve to...Ch. 5 - In Exercises 3 and 4, use the normal curves shown...Ch. 5 - Prob. 5.1.4RECh. 5 - In Exercises 5 and 6, find the area of the...Ch. 5 - In Exercises 5 and 6, find the area of the...Ch. 5 - In Exercises 7-18, find the indicated area under...Ch. 5 - In Exercises 7-18, find the indicated area under...Ch. 5 - In Exercises 7-18, find the indicated area under...Ch. 5 - In Exercises 7-18, find the indicated area under...Ch. 5 - In Exercises 7-18, find the indicated area under...Ch. 5 - In Exercises 7-18, find the indicated area under...Ch. 5 - In Exercises 7-18, find the indicated area under...Ch. 5 - In Exercises 7-18, find the indicated area under...Ch. 5 - In Exercises 7-18, find the indicated area under...Ch. 5 - In Exercises 7-18, find the indicated area under...Ch. 5 - In Exercises 7-18, find the indicated area under...Ch. 5 - In Exercises 7-18, find the indicated area under...Ch. 5 - The scores for the reading portion of the ACT test...Ch. 5 - The scores for the reading portion of the ACT test...Ch. 5 - In Exercises 21-26, find the indicated probability...Ch. 5 - In Exercises 21-26, find the indicated probability...Ch. 5 - In Exercises 21-26, find the indicated probability...Ch. 5 - In Exercises 21-26, find the indicated probability...Ch. 5 - In Exercises 21-26, find the indicated probability...Ch. 5 - In Exercises 21-26, find the indicated probability...Ch. 5 - In Exercises 2732, the random variable x is...Ch. 5 - In Exercises 2732, the random variable x is...Ch. 5 - In Exercises 2732, the random variable x is...Ch. 5 - In Exercises 2732, the random variable x is...Ch. 5 - In Exercises 2732, the random variable x is...Ch. 5 - In Exercises 2732, the random variable x is...Ch. 5 - In Exercises 33 and 34, find the indicated...Ch. 5 - In Exercises 33 and 34, find the indicated...Ch. 5 - Determine whether any of the events in Exercise 33...Ch. 5 - Determine whether any of the events in Exercise 34...Ch. 5 - In Exercises 3742, use the Standard Normal Table...Ch. 5 - In Exercises 3742, use the Standard Normal Table...Ch. 5 - In Exercises 3742, use the Standard Normal Table...Ch. 5 - In Exercises 3742, use the Standard Normal Table...Ch. 5 - In Exercises 3742, use the Standard Normal Table...Ch. 5 - In Exercises 3742, use the Standard Normal Table...Ch. 5 - In Exercises 3742, use the Standard Normal Table...Ch. 5 - In Exercises 3742, use the Standard Normal Table...Ch. 5 - On a dry surface, the braking distances (in feet),...Ch. 5 - On a dry surface, the braking distances (in feet),...Ch. 5 - Prob. 5.3.47RECh. 5 - On a dry surface, the braking distances (in feet),...Ch. 5 - On a dry surface, the braking distances (in feet),...Ch. 5 - Prob. 5.3.50RECh. 5 - In Exercises 51 and 52, a population and sample...Ch. 5 - In Exercises 51 and 52, a population and sample...Ch. 5 - Prob. 5.4.53RECh. 5 - Prob. 5.4.54RECh. 5 - In Exercises 5560, find the indicated...Ch. 5 - In Exercises 5560, find the indicated...Ch. 5 - In Exercises 5560, find the indicated...Ch. 5 - In Exercises 5560, find the indicated...Ch. 5 - Prob. 5.4.59RECh. 5 - Prob. 5.4.60RECh. 5 - Prob. 5.5.61RECh. 5 - Prob. 5.5.62RECh. 5 - In Exercises 63-68, write the binomial probability...Ch. 5 - In Exercises 63-68, write the binomial probability...Ch. 5 - In Exercises 63-68, write the binomial probability...Ch. 5 - In Exercises 63-68, write the binomial probability...Ch. 5 - In Exercises 63-68, write the binomial probability...Ch. 5 - Prob. 5.5.68RECh. 5 - In Exercises 69 and 70, determine whether you can...Ch. 5 - In Exercises 69 and 70, determine whether you can...Ch. 5 - Find each probability using the standard normal...Ch. 5 - The random variable x is normally distributed with...Ch. 5 - In a standardized IQ test, scores are normally...Ch. 5 - In a standardized IQ test, scores are normally...Ch. 5 - In a standardized IQ test, scores are normally...Ch. 5 - In a standardized IQ test, scores are normally...Ch. 5 - In a standardized IQ test, scores are normally...Ch. 5 - In a standardized IQ test, scores are normally...Ch. 5 - In a standardized IQ test, scores are normally...Ch. 5 - Are you more likely to randomly select one person...Ch. 5 - In a survey of U.S. adults, 16% say they have had...Ch. 5 - In a survey of U.S. adults, 16% say they have had...Ch. 5 - Prob. 1CTCh. 5 - In Exercises 2-4, the random variable x is...Ch. 5 - In Exercises 2-4, the random variable x is...Ch. 5 - In Exercises 2-4, the random variable x is...Ch. 5 - In Exercises 5 and 6. determine whether you can...Ch. 5 - In Exercises 5 and 6. determine whether you can...Ch. 5 - The per capita disposable income for residents of...Ch. 5 - The per capita disposable income for residents of...Ch. 5 - The per capita disposable income for residents of...Ch. 5 - The per capita disposable income for residents of...Ch. 5 - EXERCISES 1. Sampling Individuals Assume the...Ch. 5 - Sampling Groups of Five Assume the machine shifts...Ch. 5 - Writing an Explanation Write a paragraph to your...Ch. 5 - A survey of adults in the United States found that...Ch. 5 - Prob. 2CRCh. 5 - In Exercises 2 and 3, find the (a) mean, (b)...Ch. 5 - Use the probability distribution in Exercise 3 to...Ch. 5 - From a pool of 16 candidates, 9 men and 7 women,...Ch. 5 - In Exercises 6-11, find the indicated area under...Ch. 5 - In Exercises 6-11, find the indicated area under...Ch. 5 - In Exercises 6-11, find the indicated area under...Ch. 5 - In Exercises 6-11, find the indicated area under...Ch. 5 - Prob. 10CRCh. 5 - In Exercises 6-11, find the indicated area under...Ch. 5 - Twenty-eight percent of U.S. adults think that...Ch. 5 - Prob. 13CRCh. 5 - Prob. 14CRCh. 5 - A survey of adults in the United States found that...Ch. 5 - The life spans of car batteries are normally...Ch. 5 - A florist has 12 different flowers from which...Ch. 5 - Seventy percent of U.S. adults anticipate major...
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- The details of the clock sales at a supermarket for the past 6 weeks are shown in the table below. The time series appears to be relatively stable, without trend, seasonal, or cyclical effects. The simple moving average value of k is set at 2. If the smoothing constant is assumed to be 0.7, and setting F1 and F2=A1, what is the exponential smoothing sales forecast for week 7? Round to the nearest whole number. Week Units sold 1 88 2 44 3 54 4 65 5 72 6 85 Question content area bottom Part 1 A. 80 clocks B. 60 clocks C. 70 clocks D. 50 clocksarrow_forwardThe details of the clock sales at a supermarket for the past 6 weeks are shown in the table below. The time series appears to be relatively stable, without trend, seasonal, or cyclical effects. The simple moving average value of k is set at 2. Calculate the value of the simple moving average mean absolute percentage error. Round to two decimal places. Week Units sold 1 88 2 44 3 54 4 65 5 72 6 85 Part 1 A. 14.39 B. 25.56 C. 23.45 D. 20.90arrow_forwardThe accompanying data shows the fossil fuels production, fossil fuels consumption, and total energy consumption in quadrillions of BTUs of a certain region for the years 1986 to 2015. Complete parts a and b. Year Fossil Fuels Production Fossil Fuels Consumption Total Energy Consumption1949 28.748 29.002 31.9821950 32.563 31.632 34.6161951 35.792 34.008 36.9741952 34.977 33.800 36.7481953 35.349 34.826 37.6641954 33.764 33.877 36.6391955 37.364 37.410 40.2081956 39.771 38.888 41.7541957 40.133 38.926 41.7871958 37.216 38.717 41.6451959 39.045 40.550 43.4661960 39.869 42.137 45.0861961 40.307 42.758 45.7381962 41.732 44.681 47.8261963 44.037 46.509 49.6441964 45.789 48.543 51.8151965 47.235 50.577 54.0151966 50.035 53.514 57.0141967 52.597 55.127 58.9051968 54.306 58.502 62.4151969 56.286…arrow_forward
- The accompanying data shows the fossil fuels production, fossil fuels consumption, and total energy consumption in quadrillions of BTUs of a certain region for the years 1986 to 2015. Complete parts a and b. Year Fossil Fuels Production Fossil Fuels Consumption Total Energy Consumption1949 28.748 29.002 31.9821950 32.563 31.632 34.6161951 35.792 34.008 36.9741952 34.977 33.800 36.7481953 35.349 34.826 37.6641954 33.764 33.877 36.6391955 37.364 37.410 40.2081956 39.771 38.888 41.7541957 40.133 38.926 41.7871958 37.216 38.717 41.6451959 39.045 40.550 43.4661960 39.869 42.137 45.0861961 40.307 42.758 45.7381962 41.732 44.681 47.8261963 44.037 46.509 49.6441964 45.789 48.543 51.8151965 47.235 50.577 54.0151966 50.035 53.514 57.0141967 52.597 55.127 58.9051968 54.306 58.502 62.4151969 56.286…arrow_forwardThe accompanying data shows the fossil fuels production, fossil fuels consumption, and total energy consumption in quadrillions of BTUs of a certain region for the years 1986 to 2015. Complete parts a and b. Develop line charts for each variable and identify the characteristics of the time series (that is, random, stationary, trend, seasonal, or cyclical). What is the line chart for the variable Fossil Fuels Production?arrow_forwardThe accompanying data shows the fossil fuels production, fossil fuels consumption, and total energy consumption in quadrillions of BTUs of a certain region for the years 1986 to 2015. Complete parts a and b. Year Fossil Fuels Production Fossil Fuels Consumption Total Energy Consumption1949 28.748 29.002 31.9821950 32.563 31.632 34.6161951 35.792 34.008 36.9741952 34.977 33.800 36.7481953 35.349 34.826 37.6641954 33.764 33.877 36.6391955 37.364 37.410 40.2081956 39.771 38.888 41.7541957 40.133 38.926 41.7871958 37.216 38.717 41.6451959 39.045 40.550 43.4661960 39.869 42.137 45.0861961 40.307 42.758 45.7381962 41.732 44.681 47.8261963 44.037 46.509 49.6441964 45.789 48.543 51.8151965 47.235 50.577 54.0151966 50.035 53.514 57.0141967 52.597 55.127 58.9051968 54.306 58.502 62.4151969 56.286…arrow_forward
- For each of the time series, construct a line chart of the data and identify the characteristics of the time series (that is, random, stationary, trend, seasonal, or cyclical). Month PercentApr 1972 4.97May 1972 5.00Jun 1972 5.04Jul 1972 5.25Aug 1972 5.27Sep 1972 5.50Oct 1972 5.73Nov 1972 5.75Dec 1972 5.79Jan 1973 6.00Feb 1973 6.02Mar 1973 6.30Apr 1973 6.61May 1973 7.01Jun 1973 7.49Jul 1973 8.30Aug 1973 9.23Sep 1973 9.86Oct 1973 9.94Nov 1973 9.75Dec 1973 9.75Jan 1974 9.73Feb 1974 9.21Mar 1974 8.85Apr 1974 10.02May 1974 11.25Jun 1974 11.54Jul 1974 11.97Aug 1974 12.00Sep 1974 12.00Oct 1974 11.68Nov 1974 10.83Dec 1974 10.50Jan 1975 10.05Feb 1975 8.96Mar 1975 7.93Apr 1975 7.50May 1975 7.40Jun 1975 7.07Jul 1975 7.15Aug 1975 7.66Sep 1975 7.88Oct 1975 7.96Nov 1975 7.53Dec 1975 7.26Jan 1976 7.00Feb 1976 6.75Mar 1976 6.75Apr 1976 6.75May 1976…arrow_forwardHi, I need to make sure I have drafted a thorough analysis, so please answer the following questions. Based on the data in the attached image, develop a regression model to forecast the average sales of football magazines for each of the seven home games in the upcoming season (Year 10). That is, you should construct a single regression model and use it to estimate the average demand for the seven home games in Year 10. In addition to the variables provided, you may create new variables based on these variables or based on observations of your analysis. Be sure to provide a thorough analysis of your final model (residual diagnostics) and provide assessments of its accuracy. What insights are available based on your regression model?arrow_forwardI want to make sure that I included all possible variables and observations. There is a considerable amount of data in the images below, but not all of it may be useful for your purposes. Are there variables contained in the file that you would exclude from a forecast model to determine football magazine sales in Year 10? If so, why? Are there particular observations of football magazine sales from previous years that you would exclude from your forecasting model? If so, why?arrow_forward
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