The market research department of a soft drink manufacturer is investigating the effectiveness of a price discount coupon on the purchase of a two-liter beverage product. A sample of 5500 customers was given coupons for varying-price discounts between 5 and 25 cents. The response variable was the number of coupons in each price discount category redeemed after one month. The data is in the picture.
a. Draw a graph of this new model on the same plot that you prepared in part c. Does the expanded model visually provide a better fit to the data than the original model from part a?
b. For the quadratic model in part d, find Wald statistics for each individual model parameter.
c. Find approximate 95% confidence intervals on the model parameters for the quadratic logistic regression model from part d.
Trending nowThis is a popular solution!
Step by stepSolved in 3 steps with 3 images
- PLEASE USE THE TABLE PROVIDED TO ANSWER THE QUESTION: John Doe Films is producing the next Batman movie. With the information available for Public Opinion and money Collected on Opening Day, what is the projected amount of money that will be collected if surveys indicate a public opinion of 8.5 for the new Batman movie? Can this projected amount of money be considered an accurate amount? Construct any plot(s)/graph(s) to support your answer.arrow_forwardThe amount of time adults spend watching television is closely monitored by firms because this helps to determine advertising pricing for commercials. Complete parts (a) through (d). (a) Do you think the variable "weekly time spent watching television" would be normally distributed? If not, what shape would you expect the variable to have? A. The variable "weekly time spent watching television" is likely normally distributed. B. The variable "weekly time spent watching television" is likely skewed right, not normally distributed. C. The variable "weekly time spent watching television" is likely symmetric, but not normally distributed. D. The variable "weekly time spent watching television" is likely skewed left, not normally distributed. E. The variable "weekly time spent watching television" is likely uniform, not normally distributed. (b) According to a certain survey, adults spend 2.35 hours per day watching television on a weekday. Assume that the standard deviation for "time spent…arrow_forwardCould you show me how to work this problem: The no plot shows salaries for construction workers and teachers. If a person is making the median salary for a construction worker, they are making more than what percentage of teachers?arrow_forward
- 10) Using advertised prices for used Ford Escorts a linear model for the relationship between a car's age and its price is found. The regression has an R2-87.4%. Write a sentence summarizing what R2 says about this regression. A) The age of the car explains 9.35% of the variation in price. B) The price of the car explains 12.6% of the variation in age. C) The age of the car explains 87.4% of the variation in price. D) The price of the car explains 87.4% of the variation in age. E) The age of the car explains 12.6% of the variation in price. Solve. Round to two decimal places if necessary. 11) At one college, 68% of students have credit cards. A credit card company, looking for new customers, sets up a booth at the college. If they pick students at random, how many students should they expect to talk to before finding one who does not have a credit card? A) 32 B) 3.13 D) 68 C) 0.32 E) 1.47arrow_forwardAt one hospital there is some concern about the high turnover of nurses. A survey was done to determine how long (in months) nurses had been in their current positions. The responses (in months) of 20 nurses were as follows.25 4 7 16 27 38 29 44 14 109 25 31 28 30 13 22 33 10 38 (a). Select one of the box-and-whisker plot of the data (look at the screenshot). (b). Find the interquartile range.arrow_forwardThe amount of time adults spend watching television is closely monitored by firms because this helps to determine advertising pricing for commercials. Complete parts (a) through (d). C (a) Do you think the variable "weekly time spent watching television" would be normally distributed? If not, what shape would you expect the variable to have? A. The variable "weekly time spent watching television" is likely skewed right, not normally distributed. OB. The variable "weekly time spent watching television" is likely symmetric, but not normally distributed. O C. The variable "weekly time spent watching television" is likely skewed left, not normally distributed. O D. The variable "weekly time spent watching television" is likely normally distributed. O E. The variable "weekly time spent watching television" likely uniform, not normally distributed. (b) According to a certain survey, adults spend 2.45 hours per day watching television on a weekday. Assume that the standard deviation for "time…arrow_forward
- A university would like to examine the linear relationship between a faculty member's performance rating (measured on a scale of 1-20) and his or her annual salary increase. The table to the right shows these data for eight randomly selected faculty members. Complete parts a and b.arrow_forwardQuestion 3 Refer to the stack plot below. The vertical scale is the proportion of sales. (a) Describe the proportion of sales for puzzle games between 1985 and 2015. (b) Which genre(s) increased in proportion of sales between 2010 and 2015? (c) Which genre had the largest proportion of sales in 1985? Video Games by Year and Genre: 1980-2016 1.0- 0.9- Genre 0.8 Action Advente Fighting Misc Platform Puzzle 0.7- 0.6- 0.5- Racing Role-Play Shooter Simulation 0.4- 0.3 0.2- Sports Strategy 0.1- 0.0- 1980 1985 1990 1995 2000 2005 2010 2015 O True O Falsearrow_forwardThe following data represents the prices of gasoline in the United States from 2004 to 2010. YEAR GAS PRICE 2004 $1.88 2005 $2.30 2006 $2.59 2007 $2.80 2008 $3.27 2009 $2.35 2010 $2.79 Construct a line graph as if you were a representative of the oil company. EXPLAIN THE REASONING for your construction. Construct a line graph as if you were representing a consumer advocacy group.…arrow_forward
- 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:arrow_forwardThe director of surgery at a local hospital is interested in understanding his unit’s costs. An assistant collected data for the past 36 months on unit cost (labor, supplies, and so on) along with the number of procedures performed in the unit. The assistant analyzed the data using a spreadsheet program, and the following output was generated. Equation Intercept $ 1,006,000 Coefficient on procedures $ 230 Statistical data Correlation coefficient 0.518 R2 0.268 The unit is planning to perform an average 18,5000 procedures per month for the coming year. Required A: Use the regression output to write the surgical unit cost equation. Surgical unit cost = ____________ + __________ x Procedures Required B: Based on the cost equation,…arrow_forwardThe amount of time adults spend watching television is closely monitored by firms because this helps to determine advertising pricing for commercials. Complete parts (a) through (d). C (a) Do you think the variable "weekly time spent watching television" would be normally distributed? If not, what shape would you expect the variable to have? A. The variable "weekly time spent watching television" is likely skewed right, not normally distributed. O B. The variable "weekly time spent watching television" is likely symmetric, but not normally distributed. O C. The variable "weekly time spent watching television" is likely skewed left, not normally distributed. O D. The variable "weekly time spent watching television" is likely normally distributed. O E. The variable "weekly time spent watching television" is likely uniform, not normally distributed. (b) According to a certain survey, adults spend 2.45 hours per day watching television on a weekday. Assume that the standard deviation for…arrow_forward
- MATLAB: An Introduction with ApplicationsStatisticsISBN:9781119256830Author:Amos GilatPublisher:John Wiley & Sons IncProbability and Statistics for Engineering and th...StatisticsISBN:9781305251809Author:Jay L. DevorePublisher:Cengage LearningStatistics for The Behavioral Sciences (MindTap C...StatisticsISBN:9781305504912Author:Frederick J Gravetter, Larry B. WallnauPublisher:Cengage Learning
- Elementary Statistics: Picturing the World (7th E...StatisticsISBN:9780134683416Author:Ron Larson, Betsy FarberPublisher:PEARSONThe Basic Practice of StatisticsStatisticsISBN:9781319042578Author:David S. Moore, William I. Notz, Michael A. FlignerPublisher:W. H. FreemanIntroduction to the Practice of StatisticsStatisticsISBN:9781319013387Author:David S. Moore, George P. McCabe, Bruce A. CraigPublisher:W. H. Freeman