Relationship between market share and product quality rating

Assignment Help Basic Statistics

Reference no: EM131381528

In the situation of given problem, test for the existence of a linear relationship between the two variables.

Problem
Recently, research efforts have focused on the problem of predicting a manufacturer's market share by using information on the quality of its product. Suppose that the following data are available on market share, in percentage (Y ), and product quality, on a scale of 0 to 100, determined by an objective evaluation procedure (X ):

X: 27 39 73 66 33 43 47 55 60 68 70 75 82
Y: 2 3 10 9 4 6 5 8 7 9 10 13 12

Estimate the simple linear regression relationship between market share and product quality rating.

Reference no: EM131381528

Questions Cloud

Complete the matrix by typing in the elements : Using the Highly Reliable Organization Matrix located in this week's Learning Resources, complete the matrix by typing in the elements which meet the criteria in rows and columns.

Discuss where you see the company in five years : Update the IT Planning Strategy Design document title page with a new date and project name.Update previously completed sections based on instructor feedback.Add a new section "Technology Road Map for Company".Discuss where you see the company now:Pe..

Suppose that rob and big trade : After specialization, suppose that Rob and Big trade with each other and Rob sends Big 127 cows. In order for both Rob and Big to benefit from trade, Big must send Rob more than: (round your answers to two decimal places)

Country human development rankings : Select two countries and research their local economies. What is the human development ranking for each country? Are your findings about their local economies consistent with what you would expect based on the country's human development rankings?

Relationship between market share and product quality rating : Recently, research efforts have focused on the problem of predicting a manufacturer's market share by using information on the quality of its product.- Estimate the simple linear regression relationship between market share and product quality rati..

Lemonade stand every weekend for the next : Raymond decides to set up a lemonade stand every weekend for the next four weeks to save up for the latest x-men comic. He has to pay his brother Robert $10 as a one-time payment for him to not bully Raymond or drive his customers away.

Get out of a recessionary environment : What are three policies that the government can enact to get out of a recessionary environment?

Analyze and brief one occupational safety and health : Analyze and brief one Occupational Safety and Health Review Commission decisions by Administrative Law Judges or Commissioners. You can access these decisions from the Occupational Safety & Health Review Commission website.

Demand resulting from a percentage change in price : Address the following: Price elasticity of demand refers to the percentage change in demand resulting from a percentage change in price. Please review the definition of relative inelasticity and relative elasticity. These terms refer to how much d..

User Account

All Pages