Question: 5 5 AAMS1773 QUANTITATIVE STUDIES Question 3 a) The table below summarizes the years of experience and monthly sales of 8 marketing officers. Years of

5 5 AAMS1773 QUANTITATIVE STUDIES Question 3 a)

5 5 AAMS1773 QUANTITATIVE STUDIES Question 3 a) The table below summarizes the years of experience and monthly sales of 8 marketing officers. Years of experience, X Monthly sales (RM000), Y 3 4 98 2 81 9 110 6 102 12 136 11 10 118 100 97 (i) Calculate the product moment correlation coefficient. Interpret your results. (7 marks) Find the least squares regression line, = a +bX for the data above. (5 marks) (ii) (iii) Jacky has been working as a marketing officer for 14 years. Use your answer in part (ii) to estimate his monthly sales. Is the estimation reliable? Why? (3 marks) b) The table below shows the weight distribution of two different types of durian supplied by a local farm. A farmer of this farm claims that the weights are highly associated with the types of durian. Type Musang King D24 Below 5 130 60 Weight (kg) 5 to 8 330 170 Above 8 130 180 Conduct a relevant test to investigate if there is sufficient evidence to support the farmer's claim at 2% significance level. (10 marks) [Total: 25 marks]

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!

RUNNING HEAD: MARKETING IS ART OR SCIENCE? 1 MARKETING IS ART OR SCIENCE? STUDENT'S NAME STUDENT'S COLLEGE MARKETING IS ART OR SCIENCE? 2 EXAM QUESTION Answer all parts of the question and submit all...

Questions Answer all questions (b) Discussing the implications of the questioned amounts including payment to Excel Plc and the likely principle tax liability if any. (25 marks) (c) Explaining the...

I need help in these tasks, Please help me with these and also help me in the questions, I will be thankful I did first task, need to do second onwards Your team has just been hired as Operations...

Ocean State Circuits Demand Analysis and Forecasting Exercise (Total 50 points) Your team has just been hired as Operations Analysts at Ocean State Circuits (OSC). OSC is a provider of...

Hi- Please take a look at the attached Word document for detailed requirements on an 8-page evaluation. Let me know what you think, and we can discuss price, plus a healthy tip. Task: (1) The...

2.2 51 Summarizing Data for a Quantitative Variable Exercises Methods 11. Consider the following data. WEB 14 19 24 19 16 20 24 20 file Frequency a. b. SELF test 21 22 24 18 17 23 26 22 23 25 25 19...

I'm using Kohl's Corporation's Annual Statement trying to answer this question. I've attached the annual report below. Assess management performance by calculating Economic Value Added (EVA). UNITED...

Hello, I need some assistance with this project. I have everything completed except the third and fourth question (located in the instruction project document. 3.)You are a security analyst...

The questions are provided in the document attached; the relevant files are attached as well. a. For 2015, was cash provided by, or used in, Operations? b. For 2015, is Kohl's net Cash Flow from...

Help please. I need as much help as possible. In the excel file are all the questions. The first sheet has all the instructions. The sources are also attached. If I could have answers before...

A 1-MVA substation operates at full load at 0.7 power factor. It is desired to improve the power factor to 0.95 by installing capacitors. Assume that new substation and distribution facilities cost...

County Hospital orders syringes from a hospital supply firm. The hospital expects to use 40,000 per year. The cost to order and have the syringes delivered is $800. The annual carrying cost is $1.90...

Suppose that your credit card activity for December looked like this: \ table [ [ Date , Activity ] , [ December 6 , $ 3 7 3 purchase ] , [ December 1 1 $ 5 3 2 purchase, ] , [ December 1 5 $ 1 2 4...

Read the articles on journaling and review the template provided. Identify what approach, to journaling, in the articles you found useful and why. Post to the discussion forum that you have reviewed...