Question: Pizza sales and price part 2 For the data in
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?
Relevant QuestionsA sales manager for a major pharmaceutical company analyzes last year’s sales data for her 96 sales representatives, grouping them by region (1 = East Coast United States; 2 = Mid West United States; 3 = West United ...An economics student is studying the American economy and finds that the correlation between the inflation-adjusted Dow Jones Industrial Average and the Gross Domestic Product (GDP) (also inflation adjusted) is 0.81 for the ...Perhaps fans are just more interested in teams that win. Here are displays of other variables in the dataset of exercise 49 (espn.go.com). Are the teams that win necessarily those that score the most runs? a) Do winning ...If you create a regression model for estimating a student’s business school GPA (on a scale of 1–5) based on his math SAT (on a scale of 200–800), is the slope most likely to be closer to 0.01, 1, or 10? Explain. The demand for lobster has grown steadily for several decades. The Maine lobster fishery is carefully controlled to protect the lobster population from over-fishing. The number of fishing licenses and the number of traps are ...
Post your question