Question: Please show excel formulas for the below calculations Question 21: Chi-square Goodness of Fit DATA: Territory A B C D E Sales Volume 110 140
Please show excel formulas for the below calculations
Question 21: Chi-square Goodness of Fit
DATA:
| Territory | |||||
| A | B | C | D | E | |
| Sales Volume | 110 | 140 | 90 | 106 | 100 |
A sales region has been divided into five territories, each of which was believed to have equal sales potential. The actual Sales Volume for several sampled days is logged in DATA. At = 0.05, do the territories have equal Sales Volume?
Question 21 options:
- None of the answers match my calculation.
- H0: Territories have equal Sales Volume is not rejected with pvalue 0.334. The counts are consistent with the model of equal proportions.
- H0: Territories have equal Sales Volume is not rejected with pvalue 0.074. The counts are consistent with the model of equal proportions.
- H0: Territories have equal Sales Volume is rejected with pvalue 0.041. The counts are not consistent with the model of equal proportions. Territories have unequal Sales Volume.
- H0: Territories have equal Sales Volume is rejected with pvalue 0.012. The counts are not consistent with the model of equal proportions. Territories have unequal Sales Volume.
Hint for Question 21
"do the territories have equal Sales Volume" translates to test H0: Sales Volumes are equal.
The chi square test will determine if the observed volumes differ significantly from the expected volumes under H0. Assuming H0 is true, the expected volumes are equal. If H0 is true, the total of the sales volume is distributed equally. How was this computed?
Question 22 Correlation- Qualitative Assessment
DATA:
| variable1 | variable2 |
| 5.92418 | 16.01040 |
| -2.15342 | 6.90096 |
| -5.68710 | 3.20965 |
| -2.35173 | 8.11837 |
| 9.13267 | 20.86393 |
| 8.84593 | 17.88436 |
| 0.60205 | 11.33976 |
| 4.30225 | 13.72104 |
| -9.69073 | 0.22652 |
| -6.81619 | 2.88607 |
| 7.00841 | 14.48358 |
| 4.48845 | 15.56499 |
| 3.06470 | 11.36857 |
| -9.46731 | 1.14076 |
| 1.54090 | 12.95229 |
| -4.20144 | 5.79307 |
| 6.11798 | 15.91570 |
| 9.94412 | 16.96745 |
| 1.32124 | 10.86254 |
| -7.69106 | 1.10462 |
| 5.89874 | 15.93450 |
| -0.72913 | 10.47150 |
| 8.39173 | 17.99690 |
| -9.46846 | 0.72233 |
Scatter plots are used to discover relationships between variables. Using the corresponding measurements of variable1 and variable2 inDATA, plot variable1 vs. variable2 and describe the correlation between variable1 and variable2.
Question 22 options:
| - | The strength of the relationship is moderate, linear, and positive. | |||
| - | There is no relationship, or the strength of the relationship is very weak | |||
| - | The relationship is linear, positive, and strong. | |||
| - | The strength of the relationship is strong, but it is not linear. | |||
| - | The strength of the relationship is moderate, linear, and negative. | |||
| - | None of the answers accurately characterize the data. | |||
| - | The relationship is linear, negative, and strong. | |||
| Hide hint for Question 22 | ||||
| Plot the data. Is there one cloud of points or more than one (bimodal)? Does the point "cloud" have a discernible shape (linear or curved)? Are the points widely or narrowly scattered relative to the overall pattern? Compute the correlation R. Value of correlation R: Strength of linear relationship -1.0 to -0.5, or +1.0 to +0.5: Strong -0.5 to -0.3, or +0.5 to +0.3: Moderate -0.3 to -0.1, or +0.3 to +0.1: Weak -0.1 to +0.1: None or very weak A correlation of 0.8 is considered by some as strong for business applications. A correlation of 0.6 is considered by some as good for social science applications. Question 23- Quantitative Evaluation | ||||
| variable1 | variable2 | |||
| -1.60263 | 6.66630 | |||
| 5.13511 | 22.39796 | |||
| 6.36533 | 48.04439 | |||
| 5.62218 | 33.73949 | |||
| -2.19935 | 13.13368 | |||
| 6.44037 | 34.07411 | |||
| 7.53576 | 57.43268 | |||
| 6.84911 | 46.18391 | |||
| -0.96507 | 2.31758 | |||
| -7.97987 | 66.45126 | |||
| 7.71148 | 60.12220 | |||
| 8.00414 | 69.34776 | |||
| -1.84249 | -8.58487 | |||
| -6.64529 | 35.44469 | |||
| 3.52281 | 15.81326 | |||
| 6.12823 | 42.51683 | |||
| -8.02429 | 63.53322 | |||
| 1.93739 | 10.39306 | |||
| 1.60250 | -1.67370 | |||
| 9.59542 | 92.44574 | |||
| 0.97873 | -2.22144 | |||
| 7.61991 | 66.59948 | |||
| 6.35683 | 35.62167 | |||
| 4.60624 | 15.37388 | |||
Correlation is used to discover relationships between variables. Evaluate the correlation between the variables inDATA. What is the correlation (round to 3 decimal digits)?
Question 23 options:
| - | 0.984 |
| - | -0.991 |
| - | 0.310 |
| - | -0.008 |
| - | None of the answers match my calculation. |
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