Practical Management Science
Practical Management Science
6th Edition
ISBN: 9781337406659
Author: WINSTON, Wayne L.
Publisher: Cengage,
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1. The operations manager of Yamaha Philippines, a musical
instrument distributor, feels that demand for Yamaha guitar
may be related to the number of YouTube views for a music
video by the popular rock group Eraserheads which uses the
guitar in its shows during the preceding month. The manager
has collected the data shown in the following table:
YouTube Views (1,000s) Guitar Sales
40
50
70
60
80
50
90
100
80
120
8
11
12
10
15
13
16
15
14
18
a. Graph these data to see whether a linear equation might
describe the relationship between the views on YouTube and
guitar sales.
b. Using the regression equation, interpret the Y intercept and
the slope.
c. Predict guitar sales if there were 100,000 views last month.
d. Determine and interpret the coefficient of determination and
the coefficient of correlation.
e. Test to see if there is a statistically significant relationship
between YouTube views and guitar sales at the 0.05 level of
significance.
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Transcribed Image Text:1. The operations manager of Yamaha Philippines, a musical instrument distributor, feels that demand for Yamaha guitar may be related to the number of YouTube views for a music video by the popular rock group Eraserheads which uses the guitar in its shows during the preceding month. The manager has collected the data shown in the following table: YouTube Views (1,000s) Guitar Sales 40 50 70 60 80 50 90 100 80 120 8 11 12 10 15 13 16 15 14 18 a. Graph these data to see whether a linear equation might describe the relationship between the views on YouTube and guitar sales. b. Using the regression equation, interpret the Y intercept and the slope. c. Predict guitar sales if there were 100,000 views last month. d. Determine and interpret the coefficient of determination and the coefficient of correlation. e. Test to see if there is a statistically significant relationship between YouTube views and guitar sales at the 0.05 level of significance.
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