Business Analytics (2nd Edition)
Business Analytics (2nd Edition)
2nd Edition
ISBN: 9780321997821
Author: James R. Evans
Publisher: PEARSON
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Chapter 4, Problem 8PE
To determine

To use Descriptive statistics tool to summarize the percent gross profit, gross sales, and gross profit in the excel file Sales Data.

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The data represent the cost, return on investment, and graduation rate for a random sample of fifty colleges or universities in the United States. The data is from payscale.com. The variable "Cost" represents the four-year cost including tuition, supplies, room and board of attending the school. The variable "Annual ROI" represents the return on investment for graduates of the school. It essentially represents how much you would earn on the investment of attending the school. The variable "Grad Rate" represents the graduation rate of the school. Complete parts (a) and (b) below. Click here to view the school data. Click here to view the table of critical values of the correlation coefficient. (a) Describe the association between Cost and Graduation Rate graphically by drawing a scatter diagram, treating Cost as the explanatory variable. Describe the association between Cost and Graduation Rate by finding the linear correlation between the two variables. Is there a linear association…
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