Below are percentages for annual sales growth and net sales attributed to loyalty card usage at...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Below are percentages for annual sales growth and net sales attributed to loyalty card usage at 74 Noodies & Company restaurants. Annual Sales Growth () and Loyalty Card Usage (* of Net Sales) (n = 74 restaurants) Loyalty% Growth% Store Growth% Loyalty 1.6 Store 2.1 7.1 7.4 7.7 7.9 -8.3 38 -4.0 2.5 39 1.8 -3.9 1.7 40 2.2 -3.4 41 2.1 2.5 2.2 2.8 -3.3 42 8.1 -1.9 3.0 43 8.3 2.4 -0.8 2.3 44 8.5 3.1 -0.4 2.3 45 8.6 2.2 -0.2 46 1.3 1.8 2.2 8.7 8.8 -0.2 0.5 2.3 47 11 2.1 48 8.8 2.5 12 0.6 2.5 49 8.9 1.9 13 e.8 2.e 5e 9.1 2.0 14 1.9 51 9.5 10.2 2.0 2.4 15 2.8 2.0 52 2.2 2.1 2.6 53 10.7 11.0 16 2.2 17 2.8 2.2 54 e.3 18 2.9 2.1 55 11.3 1.9 19 4.0 56 11.4 11.5 11.7 1.9 1.9 20 4.8 2.2 57 2.2 21 4.8 6.7 58 2.6 22 4.8 2.0 59 11.8 2.2 4.2 68 11.9 12.5 23 1.8 2.1 24 4.6 2.1 61 2.0 25 5.1 2.5 62 12.8 0.9 26 5.1 2.6 63 13.8 1.1 27 5.5 5.9 5.9 2.8 64 14.1 3.4 28 2.8 65 14.2 1.2 29 1.4 66 14.6 2.1 30 6.8 67 14.9 15.4 16.2 17.2 2.0 0.9 31 6.1 2.1 68 2.2 32 6.1 2.1 69 1.7 33 6.1 2.7 70 2.4 34 6.3 6.6 2.e 71 18.4 2.8 35 2.0 72 20.8 1.1 36 6.9 1.6 73 25.5 0.6 37 6.9 1.9 74 28.8 1.8 (b) Find the correlation coefficient. (c-1) To test the correlation coefficient for significance at a = 0.05, fill in the following. tealc P-value (c-2) There is no significant correlation. O True False d) Does it appear that increased loyalty card usage is associated with decreased sales growth? Yes O No Below are percentages for annual sales growth and net sales attributed to loyalty card usage at 74 Noodies & Company restaurants. Annual Sales Growth () and Loyalty Card Usage (* of Net Sales) (n = 74 restaurants) Loyalty% Growth% Store Growth% Loyalty 1.6 Store 2.1 7.1 7.4 7.7 7.9 -8.3 38 -4.0 2.5 39 1.8 -3.9 1.7 40 2.2 -3.4 41 2.1 2.5 2.2 2.8 -3.3 42 8.1 -1.9 3.0 43 8.3 2.4 -0.8 2.3 44 8.5 3.1 -0.4 2.3 45 8.6 2.2 -0.2 46 1.3 1.8 2.2 8.7 8.8 -0.2 0.5 2.3 47 11 2.1 48 8.8 2.5 12 0.6 2.5 49 8.9 1.9 13 e.8 2.e 5e 9.1 2.0 14 1.9 51 9.5 10.2 2.0 2.4 15 2.8 2.0 52 2.2 2.1 2.6 53 10.7 11.0 16 2.2 17 2.8 2.2 54 e.3 18 2.9 2.1 55 11.3 1.9 19 4.0 56 11.4 11.5 11.7 1.9 1.9 20 4.8 2.2 57 2.2 21 4.8 6.7 58 2.6 22 4.8 2.0 59 11.8 2.2 4.2 68 11.9 12.5 23 1.8 2.1 24 4.6 2.1 61 2.0 25 5.1 2.5 62 12.8 0.9 26 5.1 2.6 63 13.8 1.1 27 5.5 5.9 5.9 2.8 64 14.1 3.4 28 2.8 65 14.2 1.2 29 1.4 66 14.6 2.1 30 6.8 67 14.9 15.4 16.2 17.2 2.0 0.9 31 6.1 2.1 68 2.2 32 6.1 2.1 69 1.7 33 6.1 2.7 70 2.4 34 6.3 6.6 2.e 71 18.4 2.8 35 2.0 72 20.8 1.1 36 6.9 1.6 73 25.5 0.6 37 6.9 1.9 74 28.8 1.8 (b) Find the correlation coefficient. (c-1) To test the correlation coefficient for significance at a = 0.05, fill in the following. tealc P-value (c-2) There is no significant correlation. O True False d) Does it appear that increased loyalty card usage is associated with decreased sales growth? Yes O No
Expert Answer:
Related Book For
Applied Statistics in Business and Economics
ISBN: 978-0073521480
4th edition
Authors: David Doane, Lori Seward
Posted Date:
Students also viewed these mathematics questions
-
Refer to Figure 6-23. The effective price received by sellers after the tax is imposed is a. $3. b. $4. c. $5. d. $6. 9 8 7 6 5 4 3 2 1 price 2 4 160 S after tax S D 8 10 12 14 16 quantity
-
Below are percentages for annual sales growth and net sales attributed to loyalty card usage at 74 Noodles & Company restaurants. (a) Make a scatter plot. (b) Find the correlation coefficient and...
-
(b) Find the correlation coefficient. (Round your answer to 3 decimal places. A negative value should be indicated by a minus sign.) (c-1) To test the correlation coefficient for significance at a =...
-
Helium gas is throttled steadily from 500 kPa and 70C. Heat is lost from the helium in the amount of 2.5 kJ/kg to the surroundings at 25C and 100 kPa. If the entropy of the helium increases by 0.25...
-
Indicate the strategic trade policy required (if any) if the entries in the top left-hand corner of Table 9.5 were changed to: (a) 10, +10; (b) +10, 0; (c) +5, 10. Table 9.5 Two-Firm Competition and...
-
Many bacterial fatty acids contain branches and even rings. What effect do these lipids have on membrane fluidity, compared to their straight-chain counterparts?
-
Find the = 0.01 critical value for the chi-square statistic with 5 degrees of freedom.
-
How do you calculate the percentage of change in sales from 20X8 to 20X9? This will go in cell D7? Show the formula. Kretsmart Common-Size Income Statements For the Years Ended December 31, 20'X'9,...
-
Find the values of r'(t) and r"(t) for r = 2cos (2t)i - sin (2t)j at the point t = /3 Find the unit vectors T and N for the curve r(t) = cos (t)i + sin (t)j + 2tk at t = /2
-
The percentage changes in prepaid expenses and other current assets jumped up 16.5% in scal 2014 and then fell by 35.2% in scal 2015. Did the changes in the dollar amounts of this account have a huge...
-
Discussion Question 1:How can the value of the information produced by an accountinginformation system be determined? Some individuals argue thataccountants should focus on producing financial stat 2...
-
Why do economists say that discrimination is inherently inefficient and therefore will not occur in general?
-
Why are womens wages only 60 to 80 percent of mens wages, and why has this situation existed for several decades? Now that women are entering college and professional schools in increasing numbers,...
-
Investors know for sure that the CEO of firm A will undertake an investment that will yield \($100\) million profit next year and then \($2\) million each year after that for 10 years. They also know...
-
What is saving? What role does it play in financial markets?
-
If a progressive income tax discourages additional work as income rises, what would a regressive tax do?
-
The comparative statements of financial position of Menachem NV at the beginning and end of the year 2019 appear below. Net income of ¬34,000 was reported, and dividends of ¬23,000 were paid...
-
A model was developed to predict the length of a sentence (the response variable) for a male convicted of assault using the following predictor variables: age (in years), number of prior felony...
-
Flight 202 is departing Los Angeles. Is each random variable discrete (D) or continuous (C)? a. Number of airline passengers traveling with children under age 3. b. Proportion of passengers traveling...
-
Software filters rely heavily on "blacklists" (lists of known "phishing" URLs) to detect fraudulent e-mails. But such filters typically catch only 20 percent of phishing URLs. Jason receives 16...
-
Why are most larger businesses not managed as a single unit by one manager?
-
What are the main advantages and disadvantages that should be considered when deciding between a partnership business and a limited liability company?
-
Suppose an item of information is capable of being provided. It is relevant to a particular decision, it is also reliable, comparable, can be understood by the decision maker concerned and is...
Study smarter with the SolutionInn App