User Account

All Pages

Find relationship between x and y exact or nonexact

Assignment Help Basic Statistics
Reference no: EM131685951

Question: A researcher took a sample of 25 electronics companies and found the following relationship between x and y, where x is the amount of money (in millions of dollars) spent on advertising by a company in 2009 and y represents the total gross sales (in millions of dollars) of that company for 2009.

y^ = 3.6 + 11.75x

a. An electronics company spent $2 million on advertising in 2009. What are its expected gross sales for 2009?

b. Suppose four electronics companies spent $2 million each on advertising in 2009. Do you expect these four companies to have the same actual gross sales for 2009? Explain.

c. Is the relationship between x and y exact or nonexact?

Reference no: EM131685951

Questions Cloud

Examine the revenues and expenditures of federal government : The paper is to be an examination of the revenues and expenditures of the federal government of the United States.
Define open-loop geothermal energy systems : Do you think open-loop geothermal energy systems are just as bad as fossil fuel power plants
What types of government and private incentives energy : What types of government and private incentives might encourage the use of alternative energy resources or conservation. What are some related disincentives
How much amount the clients pay : Bob's Pest Removal Service specializes in removing wild creatures (skunks, bats, reptiles, etc.) from private homes. He charges $70 to go to a house plus $20.
Find relationship between x and y exact or nonexact : A researcher took a sample of 25 electronics companies and found the following relationship between x and y, where x is the amount of money.
What economic policies would propose to accomplish goals : Applying the principles of the Keynesian model, what specific economic policies would you propose to accomplish these goals?
Describe how poor ventilation and humidity air pollution : What are examples of two biological/living organisms that can contribute to indoor air pollution in your home
What do the measures above tell us about consumer behavior : What do measures above tell us about consumer behavior? Have incomes changed enough to offset inflation since 2000? What can we predict about future inflation?
What are expected average profits of us insurance companies : A researcher took a sample of 10 years and found the following relationship between x and y, where x is the number of major natural calamities.

Reviews

Write a Review

Basic Statistics Questions & Answers

  Statistics-probability assignment

MATH1550H: Assignment:  Question:  A word is selected at random from the following poem of Persian poet and mathematician Omar Khayyam (1048-1131), translated by English poet Edward Fitzgerald (1808-1883). Find the expected value of the length of th..

  What is the least number

MATH1550H: Assignment:  Question:     what is the least number of applicants that should be interviewed so as to have at least 50% chance of finding one such secretary?

  Determine the value of k

MATH1550H: Assignment:  Question:     Experience shows that X, the number of customers entering a post office during any period of time t, is a random variable the probability mass function of which is of the form

  What is the probability

MATH1550H: Assignment:Questions: (Genetics) What is the probability that at most two of the offspring are aa?

  Binomial distributions

MATH1550H: Assignment:  Questions:  Let’s assume the department of Mathematics of Trent University has 11 faculty members. For i = 0; 1; 2; 3; find pi, the probability that i of them were born on Canada Day using the binomial distributions.

  Caselet on mcdonald’s vs. burger king - waiting time

Caselet on McDonald’s vs. Burger King - Waiting time

  Generate descriptive statistics

Generate descriptive statistics. Create a stem-and-leaf plot of the data and box plot of the data.

  Sampling variability and standard error

Problems on Sampling Variability and Standard Error and Confidence Intervals

  Estimate the population mean

Estimate the population mean

  Conduct a marketing experiment

Conduct a marketing experiment in which students are to taste one of two different brands of soft drink

  Find out the probability

Find out the probability

  Linear programming models

LINEAR PROGRAMMING MODELS

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +91-977-207-8620

Phone: +91-977-207-8620

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd