Suppose that X represents the number of years a person goes to school, and Y represents the income they earn after finishing those years of school. Year of schooling is widely believed to be a major determinant of income. Explain whether this correlation is likely to be casual or not.

A researcher is studying the intensity of hurricanes that entered the Gulf of Mexico between 1975-2015 and the average water temperature of the Gulf of Mexico at the hurricane's peak strength. What is the independent and dependent variable in this study?

The marketing research department of a large company knows that the company's monthly sales are influenced by the way in which it spends money on marketing. For example, monthly expenditures such as the ones listed below are known to have an effect on y, the company's total monthly sales (in millions of dollars). X 1 = money spent on television advertising (in 1000's of dollars) X2 = money spent on promotion (i.e., free samples) X3 money spent on newspaper advertising (in 1000's of dollars) = average discounts offered to retail outlets (in %) Using data from the previous 16 months, the company decides to collect data on 2 of the independent variables to use in a multiple regression model for estimating monthly sales. If the R for this model is 0.81, fill in the missing entries in the ANOVA table associated with this model. Do all calculations to at least three decimal places.

The marketing research department of a large company knows that the company's monthly sales are influenced by the way in which it spends money on marketing. For example, monthly expenditures such as the ones listed below are known to have an effect on y, the company's total monthly sales (in millions of dollars). x = money spent on television advertising (in 1000's of dollars) X2 = money spent on promotion (i.e., free samples) x3 = money spent on newspaper advertising (in 1000's of dollars) X = average discounts offered to retail outlets (in %) Using data from the previous 26 months, the company decides to collect data on 3 of the independent variables to use in a multiple regression model for estimating monthly sales. If the R´ for this model is 0.5, fill in the missing entries in the ANOVA table associated with this model. Do all calculations to at least three decimal places. Source of variation Degrees of freedom Sums of Mean F statistic squares squares Regression Error Total 4+

Scenario: Album Sales: A study was done to see whether getting radio airtime and spending money on advertisements accurately predicts the number of album copies sold. A random sample of 200 artists’ albums were tracked on the number of times their songs play on the central radio station, how much money (in thousands) they spent on advertisements, as well as the number (in thousands) of album copies were sold. A record company wanted to determine if there was a positive relationship between album sales and the other two variables (money spent on advertisements and number of albums sold)   What is the Null and alternative hypotheses (based on context of study) in symbols and words:

Answer to this?