Essentials Of Business Analytics
1st Edition
ISBN: 9781285187273
Author: Camm, Jeff.
Publisher: Cengage Learning,
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Textbook Question
Chapter 3, Problem 11P
The International Organization of Motor Vehicle Manufacturers (officially known as the Organisation Internationale des Constructeurs d’Automobiles, OICA) provides data on worldwide vehicle production by manufacturer. The following table shows vehicle production numbers for four different manufacturers for five recent years. Data are in millions of vehicles.
- a. Construct a line chart for the time series data for years 1 through 5 showing the number of vehicles manufactured by each automotive company. Show the time series for all four manufacturers on the same graph.
- b. What does the line chart indicate about vehicle production amounts from years 1 through 5? Discuss.
- c. Construct a clustered-bar chart showing vehicles produced by automobile manufacturer using the year 1 through 5 data. Represent the years of production along the horizontal axis, and cluster the production amounts for the four manufacturers in each year. Which company is the leading manufacturer in each year?
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Import Illinois.xls as a table. Using logical indexing to select the years with more than 2800 cases of
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F1
fx
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B
C
E
Year
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Cancer
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1999
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25024
3004
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2000
4041
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2002
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2003
3942
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29816
966
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7.
2004
4133
24289
3069
28284
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1028
8.
2005
4182
24250
3034
28226
866
1086
9.
2006
4451
24084
2795
27007
865
1010
10
2007
4367
24115
2851
25813
863
1108
11
2008
4218
24300
2846
26078
872
1198
12
2009
3961
24185
2741
24931
881
1177
13
2010
3997
24070
2507
24959
783
1178
14
2011
4166
24007
2693
24987
812
1226
15
2012
4488
24562
2706
24667
832
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2013
4511
24491
2798
17
24839
792
1321
2014
4644
24501
2712
18
25024
792
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2817
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863
1363
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21
(b) Estimate the standard errors of the slope and intercept.
Round your answer to three decimal places (e.g. 98.765)
se B,
Round your answer to two decimal places (e.g. 98.76)
se(bo ) = I
(c) Test the hypothesis Ho: B1 = 10 versus H1:ß1 + 10using a = 0.01.
v Họ and conclude the slope
10 at a = 0.01.
(d) Test the hypothesis Ho: Bo = 0 versus H1: Bo # 0 using a = 0.01.
Họ and conclude that the intercept
v be included in the model.
Chapter 3 Solutions
Essentials Of Business Analytics
Ch. 3 - A sales manager is trying to determine appropriate...Ch. 3 - The following table shows an example of gross...Ch. 3 - The following table provides monthly revenue...Ch. 3 - In the file MajorSalary, data have been collected...Ch. 3 - Entrepreneur magazine ranks franchises. Among the...Ch. 3 - The file MutualFunds contains a data set with...Ch. 3 - The file TaxData contains information from federal...Ch. 3 - The file FDICBankFailures contains data on...Ch. 3 - The following 20 observations are for two...Ch. 3 - The file Fortune500 contains data for profits and...
Ch. 3 - The International Organization of Motor Vehicle...Ch. 3 - Prob. 12PCh. 3 - Prob. 13PCh. 3 - The total number of term life insurance contracts...Ch. 3 - An automotive company is considering the...Ch. 3 - Consider the following survey results regarding...Ch. 3 - The Northwest regional manager of Logan Outdoor...Ch. 3 - The Ajax Company uses a portfolio approach to...Ch. 3 - Heat maps can be very useful for identifying...Ch. 3 - The following table shows monthly revenue for six...Ch. 3 - Prob. 21PCh. 3 - Aurora Radiological Services is a health care...Ch. 3 - The motion picture industry is an extremely...
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