Pizza sales and price

Assignment Help Basic Statistics
Reference no: EM131008919

1. Pizza sales and price, part 2. For the data in Exercise 31, the average Sales was 52,697 pounds (SD = 10,261 pounds), and the correlation between Price and Sales was = - 0.547.

If the Price in a particular week was one SD higher than the mean Price, how much pizza would you predict was sold that week?

2. Used Saab prices, part 2. The 38 cars in Exercise 32 had an average Price of $23,847 1SD = $9232, and the correlation between Price and Mileage was = - 0.169.

If the Mileage of a 2004 Saab was 1 SD below the average number of miles, what Price would you predict for it?

3. Packaging. A CEO announces at the annual share- holders meeting that the new see-through packaging for the company's flagship product has been a success. In fact, he says, "There is a strong correlation between packaging and sales." Criticize this statement on statistical grounds.

Reference no: EM131008919

Questions Cloud

Find electric field intensity outside spherical shell : Electric field due to conducting shell. A spherical shell of radius a is charged with a uniform surface charge density p,. Find the electric field intensity inside and outside the spherical shell.
Equation of the regression line : GDP growth, part 2. From the linear model fit to the data on GDP growth in Exercise 45. a) Write the equation of the regression line. b) What is the meaning of the intercept? Does it make sense in this context?
Calculate electric field intensity it produces everywhere : Electric field of the electron. The structure of the electron is not defined (that is, its dimensions cannot be identified with certainty). Its charge, however, is considered to be a point charge. Suppose the electron is a point charge equal t..
Problem regarding the salary by job type : At a small company, the head of human resources wants to examine salary to prepare annual reviews. He selects 28 employees at random with job types
Pizza sales and price : Pizza sales and price, part 2. For the data in Exercise 31, the average Sales was 52,697 pounds (SD = 10,261 pounds), and the correlation between Price and Sales was = - 0.547.
Calculate the electric field intensity : Field due to volume charge density. A short plastic cylinder of length L and diameter L/2 has a uniform volume charge density Pv distributed throughout its volume. Calculate the electric field intensity at P 1 , P2 , and P3 (on the axis of the cyl..
Calculate the electric field intensity in free space : Electric field of infinite surface. Calculate the electric field intensity in free space at a distance d above an infinite plane charged with a uniform surface charge density p,. Show that the electric field intensity is independent of d and pe..
Used saab prices : A linear model to predict the Price of a 2004 Saab 9-3 (in $) from its Mileage (in miles) was fit to 38 cars that were available during the week of January 11, 2008 (Kelly's Blue Book, www.kbb.com). The model was:
Calculate the total force one segment exerts on the other : Electrostatic forces. Two thin, segments, each 1 m long, are charged with line charge densities of 10 nC/m and -10 nC/m and are placed a distance 10 mm apart, parallel to each other. Calculate the total force one segment exerts on the other.

Reviews

Write a Review

Basic Statistics Questions & Answers

  In 1998 20 of university undergraduate students had at

in 1998 20 of university undergraduate students had at least one tattoo. a health practitioner obtains a random sample

  A doctor wants to estimate the hdl cholesterol of all 20-to

a doctor wants to estimate the hdl cholesterol of all 20-to 29- year-old females. how many subjects are needed to

  For a normal distribution identify the z-score location

for a normal distribution identify the z-score location that would seperate the distribution into 2 sections so that

  How large of a sample n would you need to estimate p with

how large of a sample n would you need to estimate p with margin of error 0.01 with 95 confidence? use the guess p0.05

  Problems facing the long term care industry today

Discuss some of the problems facing the long term care industry today. What are some possible solutions for these problems?

  What is the probability that the shop is empty

What is the average time that a customer spends waiting to be called to a chair?

  Suppose that n items are sampled from a manufacturing

suppose that n items are sampled from a manufacturing process and the number of defective items found among these is x.

  A batch of 500 machined parts contains 10 that do not

a batch of 500 machined parts contains 10 that do not conform to customer requirements. the random variable is the

  1a normal distribution y has mean 50 and standard deviation

1.a normal distribution y has mean 50 and standard deviation 8. find pylt44.2.a normal distribution y has mean 50 and

  Suppose you have a list of salaries of all major league

suppose you have a list of salaries of all major league baseball players in 2013. does it make sense to find a 95

  You decide to take a sample and dtermine a 90 confidence

suppose that you are interested in determining the cost of tuition and fees at universities in the united states.

  Academic approach of hypothesis testing

A computer manufacturer offers a help line that purchasers can call for help 24 hours a day, 7 days a week. Clearing these calls for help in a timely fashion is important to the company's image.

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!

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