MATLAB: An Introduction with Applications
6th Edition
ISBN: 9781119256830
Author: Amos Gilat
Publisher: John Wiley & Sons Inc
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- Given the weekly price and quantity (Qx and (Px) data for Andy’s ice cream over the past 12 weeks and the price of another ice-cream flavor (Po) as: Qx 84 82 85 83 82 84 87 81 82 79 82 78 Px 8.50 9.00 8.75 9.25 9.50 9.25 8.25 10.00 10.00 10.50 9.50 10.25 Po 5.25 6.00 6.00 6.50 6.25 6.25 5.25 7.00 7.25 7.25 6.75 7.25 a. Use excel regression to estimate the weekly demand for Andy’s ice-cream (attach the output of the regression estimate (Hint: Use regression in excel to find the estimated demand function: Enter the data in excel, click on Data Analysis, and use the regression command). b. Are the coefficients on the two prices statistically significantly different from zero at the 5% significance level? How do you know? c. What the R2? d. Explain what R2 means.arrow_forwardMariah Jacobsen is the marketing manager at ABC Electronics, a major consumer electronics supplier in the northwest. Over the last five years, sales of the company's flagship product - the Wizer Anonymizer (the WA) - have been 45000, 45500, 44500, 46000 and 44000 units. This rate of sales is considered average for the product over the last twenty years or so. Ms. Jacobsen believes that the distribution of the WA's sales is normal with a standard deviation of 1500 units. If she were asked to make a forecast of next year's sales to upper management, what is the likelihood that she would be correct if she predicts sales between 43000 and 46000?arrow_forwardplease answer question 2arrow_forward
- An office supply company services copiers and tracks how many machines are serviced and the length of time (in minutes) for a service call. The data below for 11 clients is below. Sum X = 46 Sum Y= 234 Sum XY = 5797 Sum X2 =1180 Sum Y2 =146608 1) Calculate SSYY, SSXX, SSXY 2) Calculate b0, b1 3) Interpret the estimated slope coefficient.arrow_forwardAnother measure of central tendency that is rarely used but is easy to calculate is the midrange. It can be found using the formula below. A consumer testing service obtained the mileages (in miles per gallon) shown in the table to the right in five test runs performed with three types of compact cars. Each car manufacturer wants to advertize that its car performed the best in this test. Which of the car manufacturers of cars A, B, and C would prefer to use the midrange statistic in their ads? Explain your reasoning. Midrange= (Maximum data entry) + (Minimum data entry) 2 A 28 33 The manufacturer of (Type an integer or a decimal.) 28 29 35 Car MPG B 32 30 32 25 32 ... C 30 33 24 33 31 would prefer to use the midrange, since their car's midrange of mpg is the of the three models.arrow_forwardAnswer part A and D only!arrow_forward
- The data table to the right represents the volumes of a generic soda brand. Complete parts (a) and (b) below. a. Which plot represents a dotplot of the data? O A. O C. 50 60 50 70 80 90 Volumes of soda (oz) 60 70 80 90 Volumes of soda (oz) o o Q Q 520 Q Q 5 www. O B. OD. 50 50 60 70 60 Volumes of soda (oz) 70 80 75 70 65 50 元 5 75 75 85 . 70 65 Volumes of soda (oz) 80 90 70 80 90 Volumes of soda (oz) 65 80 70 Q Q Q Qarrow_forwardFor a set of observations, Q1 80 and Q3 = 130. Values greater than and less than are possible outliers.arrow_forward3. Which box plot has the largest interquartile range?arrow_forward
- Suppose a researcher collects data on the air pollution levels, measured in milligrams per cubic meter, for both urban and rural areas in 35 states. The data is plotted with urban air pollution levels on the horizontal axis and rural air pollution levels on the vertical axis. Nevada is an outlier in the ?x‑direction. What must be true about this state? The urban air pollution levels for this state are much higher or lower than the rest of the states in the data set. The rural air pollution levels for this state are much higher or much lower than the rest of the states in the data set. This state is an influential observation. The rural air pollution levels for this state are much higher or lower than other states in the data set that have similar urban air pollution levels. The absolute value of the residual of this state is large.arrow_forwardConsider the women's 100-yd dash (and the subsequent 100-m dash) in the Olympics since records have been kept. Determine the best way to combine all data and depict the data. Choose the correct answer below. O A. A line graph would be the best way to show all of the data over time, but some measurements would have to be converted to display the 100-yd and 100-m on the same graph. OB. A scatterplot would show the relationship between the 100-yd dash and the 100-m dash. O C. A stem and leaf plot would be the best way to show all of the data grouped by race times. O D. A histogram would show all of the data by comparing each year. The units of distance would not matter. Click to select your answer. 2:50 PM P Type here to search 3/10/202 Prt Scn End F10 PgUp Home F7 DII B F5 F6arrow_forward
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