Relationship between the reviews from yelp and piano sales

Assignment Help Basic Statistics
Reference no: EM131960895

The store manager of a piano distributor believes the demand for a particular type of piano may be related to the number of Yelp reviews about a demonstration video promoted by the company's marketing team during the preceding month. The store manager has collected the data shown in the following table

Yelp reviews Piano Sales

30 8

40 11

70 12

60 10

80 15

50 13

a. Graph these data to see whether a linear equation might describe the relationship between the reviews from Yelp and piano sales

b. Compute the SST, SSE, AND SSR. Find the least-squares regression line for these data.

c. Using the regression equation, predict piano sales if there were 40,000 reviews last month.

d. Test to see if there is a statistically significant relationship between sales and Yelp reviews at the 0.05 level of significance

e. Using computer software, find the least-squares regression line. Based on the F test, is there a statistically significant relationship between the demand for pianos and the number of Yelp reviews?

Reference no: EM131960895

Questions Cloud

Mean of the distribution of sample means : Suppose that a sample of size 69 is drawn from a population with mean 95 and standard deviation 65 . Find the value of , the mean of the distribution of sample
Does the movie have positive npv : You are considering making a movie. The movie is expected to cost $10.7 million up front and take a year to produce.
Find the 60 percentile for the sample mean : A simple random sample of 92 adults is chosen. Find the 60 percentile for the sample mean.
Defectives per day in a smartphone factory : Let's say average number of defectives per day in a smartphone factory be 3.5. What is the probability that the number of defectives
Relationship between the reviews from yelp and piano sales : Graph these data to see whether a linear equation might describe the relationship between the reviews from Yelp and piano sales
Prepare a schedule of accounts receivable : Prepare a Schedule of Accounts Receivable and check to see that the total agrees with the Accounts Receivable ledger account.
Age of the youngest actor to win an oscar : a. What is the age of the youngest actor to win an Oscar? b. What is the age difference between the oldest and the youngest actress to win an Oscar?
Observed frequency and expected frequency : Explain the difference between observed frequency and expected frequency as it relates to Chi-Square test
Compute the modified internal rate of return : You are considering an investment project with the cash flows of -500 (the initial cash flow), 800 (cash flow at year 1), -100 (cash flow at year 2).

Reviews

Write a Review

Basic Statistics Questions & Answers

  State which error has the greater consequence

If the mean level of toxin in clams exceeds 800 µg (micrograms) of toxin per kg of clam meat in any area, clam harvesting is banned there until the bloom.

  Problem regarding the titration calculation

25.00 cm3 portions of a sodium hydroxide were titrated with a standardised solution of 0.75 mol/dm3sulphuric acid solution using phenolphthalein indicator. In the appendix this is titration procedure 1.

  What is the amount of the first part of the investment

What is the amount of the first part of the investment? $____ What is the amount of the second part of theinvestment? $____ What is the amount of the third part of the investment? $_____

  Find a standardized score for a sample proportion

In addition to the sample size n, what population value(s) must be known to find a standardized score for a sample proportion p^?

  Regulation is the best way to ensure a safe workplace

Perform a chi-square test on the following data (a) Regulation is the best way to ensure a safe workplace.

  Define statistic of interest to be the proportion correct

Now define the statistic of interest to be the proportion correct, X/10. What is the mean of the sampling distribution of this statistic?

  The observer recorded the following distances

On a line transect survey, the observer recorded the following distances (in meters) from detected birds to the transect line: 0, 1, 1, 2, 3, 3, 4, 6, 7, 7, 9, 12, 17. The transect line is 50 m long.

  Customer center operator

Customer center operator. Raaj works at the customer service call center of a major credit card bank.

  Prompt neutrons or delayed neutrons

Neutrons emitted as a result of fission are either prompt neutrons or delayed neutrons.

  Single categorical variable

Use the definition of experiment to explain why we would not expect an experiment to involve just a single categorical variable.

  Determine the mean of distribution

Determine a value of c such that the random variable cY win have a X2 distribution. ]0. If a random variable X has a X l distribution with " degrees of freedom

  Let p1 and p2 be the proportion of all parts from suppliers

a manufacturer receives parts from two suppliers. a simple random sample of 400 parts from supplier 1 finds 20

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