Example 15.10 You aregiven below the following data about the sale and advertising expenditure of afirm: Sales (Rs crore)Adv.exp. (Rs crore)5010Arithmetic mean102Standard deviationCoefficient of correlation + 0.9(a) Calculate the two regression equations.(b) Calculate the likely sales for a proposed advertisement expenditure of Rs 13.5 crore.(c) What should be the advertising budget if the company wants to achieve a sales target of Rs 70crore?

Answered: Image /qna-images/answer/7abd4fda-eab8-4d8b-8643-42076e9407ac.jpg

Answered: Sales (Rs crore) Adv. exp. (Rs crore)…

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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In a regression study, relating Price/unit (x) to Weekly Sales (in Kg.), with the scatter plot showing a strong negative direction, 63% of the variability in sales could be accounted for by the variation in the Unit Price. The correlation coefficient in this study is: 0.7 -0.4 -0.79 0.4
x = number of traffic tickets y = Cost of auto insurance A test of linear correlation between traffic tickets and insurance cost produces a linear correlation coefficient of r = 0.705. Determine weather the regression line has a positive slope, or a negative slope
13/
In a regression study, relating Price/unit (x) to Weekly Sales (in Kg.), with the scatter plot showing a strong negative direction, 63% of the variability in sales could be accounted for by the variation in the Unit Price. The correlation coefficient in this study is: 0.79 -0.4 -0.79 0.4
Kind karl person’s coefficoent of correlation using regression coefficient bxy = -0.37 , bxy =-.50
Demand for Smartphones The following table shows worldwide sales of a type of phone and their average selling prices in 2012, 2013, and 2017. Year 2012 2013 2017 Selling Price p ($100) 4 Sales q (billions) 0.5 3 1 2 2 Find the regression line (round coefficients to one decimal place). q(p) = 1.0166 X Use the regression line to estimate the demand (in millions of units sold) when the selling price was $320. 1016.6 million
Develop a scatterplot and explore the correlation between customer age and net sales by each type of customer (regular/promotion). Use the horizontal axis for the customer age to graph. Find the linear regression line that models the data by each type of customer. Round the rate of changes (slopes) to two decimal places and interpret them in terms of the relation between the change in age and the change in net sales. What can you conclude? Hint: Rate of Change = Vertical Change / Horizontal Change = Change in y / Change in x
For half-life demonstration, plot ln(half-lives) in the x-axis vs ln(no. of “tails-up” coins) in the y-axis. Perform linear regression to obtain the value of the slope, the value of the y-intercept, and the correlation coefficient r. What is the significance of these values?
What is the regression equation? (Round to decimal one) The best predicted weight of a bear with a chest size 43 inches is how many pounds???? Round to decimal one)
Find correlation coefficient between the exchange and expenditure from the datagiven below: Obtain the regression equation of exchange on expenditure expenses and find out theexpected exchange of a firm when expenditure is Rs. 25 lakhs. Also find coefficientof determination and interpret your result.
What does the slope and the intercept mean in this setting?
Which of the following is FALSE? * The residuals in a regression model are assumed to have a zero mean. Data point below the regression line, the residual is negative. The residuals in a regression model are assumed to have increasing mean. The regression model assumes the residuals are normally distributed.

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