Marketing - Standalone book
13th Edition
ISBN: 9781259573545
Author: Roger A. Kerin, Steven W. Hartley
Publisher: McGraw-Hill Education
expand_more
expand_more
format_list_bulleted
Concept explainers
Textbook Question
Chapter 8, Problem 7AMK
Look back at Figure 8-6A. (a) Run the percentages vertically and explain what they mean (b) Express all numbers in the table as a percentage of the total number of people sampled (586) and explain what the percentages mean.
Expert Solution & Answer
Want to see the full answer?
Check out a sample textbook solutionStudents have asked these similar questions
Given the data below, what is the simple linear regression model that can be used to predict sales in future weeks?
Week
1
2
3
4
5
Sales
150
157
162
166
177
Seasonal relatives. Obtain estimates of quarter relatives for these data using the centered moving average method:
YEAR 1 2 3 4Quarter: 1 2 3 4 1 2 3 4 1 2 3 4 1Demand: 14 18 35 46 28 36 60 71 45 54 84 88 58
Obtain estimates of daily relatives for the number of customers at a restaurant for the evening meal, given the following data.
Day
1
23456789GH23H
10
11
12
13
14
Number
Served
87
82
83
99
145
142
48
80
79
87
92
134
138
41
Day
15
PEAREANNN8
16
17
18
19
20
21
22
23
24
25
26
27
28
Number
Served
82
83
88
99
132
148
46
82
83
81
90
133
139
44
Click here for the Excel Data File:
a. Use the centered moving average method. (Hint: Use a seven-day moving average.) (Round your intermediate calculations and
final answers to 4 decimal places.)
Chapter 8 Solutions
Marketing - Standalone book
Ch. 8.1 - Prob. 8.1LOCh. 8.2 - Prob. 8.2LOCh. 8.2 - Prob. 8.1LRCh. 8.2 - Prob. 8.2LRCh. 8.2 - Prob. 8.3LRCh. 8.3 - Prob. 8.3LOCh. 8.3 - Prob. 8.4LRCh. 8.3 - Prob. 8.5LRCh. 8.4 - Prob. 8.4LOCh. 8.4 - Prob. 8.6LR
Ch. 8.4 - Prob. 8.7LRCh. 8.4 - Prob. 8.8LRCh. 8.5 - Prob. 8.5LOCh. 8.5 - Prob. 8.9LRCh. 8.5 - Prob. 8.10LRCh. 8.6 - Prob. 8.6LOCh. 8.6 - Prob. 8.11LRCh. 8.6 - Prob. 8.12LRCh. 8 - Prob. 1AMKCh. 8 - Prob. 2AMKCh. 8 - Prob. 3AMKCh. 8 - Prob. 4AMKCh. 8 - Prob. 5AMKCh. 8 - Prob. 6AMKCh. 8 - Look back at Figure 8-6A. (a) Run the percentages...Ch. 8 - Prob. 8AMKCh. 8 - Prob. 1BYMPCh. 8 - Prob. 2BYMPCh. 8 - Prob. 3BYMPCh. 8 - Prob. 1VCCh. 8 - Prob. 2VCCh. 8 - Prob. 3VCCh. 8 - Prob. 4VCCh. 8 - Prob. 5VC
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, marketing and related others by exploring similar questions and additional content below.Similar questions
- 1-b. Using the least-squares regression method, estimate the variable utilities cost per ton mined and the total fixed utilities cost per quarter. Express these estimates in the form Y=a+bX. (Round the Variable cost per unit to 2 decimal places and Fixed Cost to the nearest whole dollar amount.)arrow_forwardSuppose these data show the number of gallons of gasoline sold by a gasoline distributor in Bennington, Vermont, over the past 12 weeks. Sales (1,000s of gallons) Week 1 17 2 21 3 19 23 5 18 6 16 7 21 8 19 9 23 10 21 11 16 12 23 (a) Using a weight of - for the most recent observation, for the second most recent observation, and - for third most recent observation, compute a three-week weighted moving average for the time series. (Round your answers to two decimal places.) Time Series Value Weighted Moving Average Forecast Week 1. 17 2 21 19 4 23 5 18 6 16 7 21arrow_forwardWhat are some of the common Business Statistics used in Excell for Hospitality Management?arrow_forward
- (d) As part of a marketing program, a city block containing 4 households was selected and a sample of 3 households was sampled as follows. Jeremiah, the research assistant, identified the households and numbered each household from 1 to 4. He then want to list all combinations of the 4 households 2 at a time. These are: 1 and 2 1 and 3 1 and 4 2 and 3 2 and 4 3 and 4 Unfortunately, Jeremiah got this job because he was related to the Department Chairman, and he was very careless. He forgot the combina- tion 3 and 4. He chose a random number between 1 and 5 (it turned out to be 4) which corresponded to the combination 2 and 3. Thus households 2 and 3 were sampled. The variable of interest was out-of-pocket medical expenses incurred by the household (Table Q1 (d)). Table Q1 (d) : Out-Of-Pocket Medical Expenses Incurred by the Household Expenses ($) 345.00 Household 1 126.00 492.00 962.00 3 4 (ii) Based on Jeremiah's sampling procedure, what is the expected value of mean and variance of…arrow_forwardQuestion 1. The dean of a school of business is forecasting total student enrollment for this year (2019)'s summer session classes based on the following historical data: YEAR TOTAL ENROLLMENT y 2,000 2,200 2,800 3,000 2015 2016 2017 2018arrow_forwardUse a graphing calculator to create a scatter plot and find the line of best fit and the correlation coefficient for the following data. Round to the nearest hundredth. X 5 10 15 20 25 30 35 y 1,800 1,750 1,590 1,490 1,400 1,275 1,010arrow_forward
- 28. Shoreline Park in Mountain View, California, has kept close tabs on the number of patrons using the park since its opening in January 1993. For the first six months of 2013, the following figures were recorded: Month Number of Patrons Month Number of Patrons April May June 640 January February March 133 183 1,876 2,550 285 a. Draw a graph of these six data points. Assume that January February fit of the data. Estimate the slope and intercept from your graph. period 1, period 2, and so on. Using a ruler, “eyeball" the best straight-line +arrow_forwardMake provision for analysing time series using five most popular statistical approaches?arrow_forwardCompute seasonal relatives for this data using the SA method:Quarter Year 1 Year 2 Year 3 Year 41 2 3 7 42 6 10 18 143 2 6 8 84 5 9 15 11arrow_forward
- Quintile 1st 2nd Зrd 4th 5th % of Income, United States, 2010 % of Income, Bangladesh, 2010 10 14 20 51 13 16 21 41 United States data from Census.gov, before-tax Income, rounded to 1/100ths. Data for Bangladesh from WorldBank.org, rounded to 1/100ths. Report your answers to two decimal places. According to these data, the Gini coefficient for the United States in 2010 is The Gini coefficient for Bangladesh in 2010 isarrow_forward8arrow_forwardHow do organizations use linear regression. Also can you provide some examples.arrow_forward
arrow_back_ios
SEE MORE QUESTIONS
arrow_forward_ios
Recommended textbooks for you
- Principles Of MarketingMarketingISBN:9780134492513Author:Kotler, Philip, Armstrong, Gary (gary M.)Publisher:Pearson Higher Education,MarketingMarketingISBN:9781259924040Author:Roger A. Kerin, Steven W. HartleyPublisher:McGraw-Hill EducationFoundations of Business (MindTap Course List)MarketingISBN:9781337386920Author:William M. Pride, Robert J. Hughes, Jack R. KapoorPublisher:Cengage Learning
- Marketing: An Introduction (13th Edition)MarketingISBN:9780134149530Author:Gary Armstrong, Philip KotlerPublisher:PEARSONContemporary MarketingMarketingISBN:9780357033777Author:Louis E. Boone, David L. KurtzPublisher:Cengage Learning
Principles Of Marketing
Marketing
ISBN:9780134492513
Author:Kotler, Philip, Armstrong, Gary (gary M.)
Publisher:Pearson Higher Education,
Marketing
Marketing
ISBN:9781259924040
Author:Roger A. Kerin, Steven W. Hartley
Publisher:McGraw-Hill Education
Foundations of Business (MindTap Course List)
Marketing
ISBN:9781337386920
Author:William M. Pride, Robert J. Hughes, Jack R. Kapoor
Publisher:Cengage Learning
Marketing: An Introduction (13th Edition)
Marketing
ISBN:9780134149530
Author:Gary Armstrong, Philip Kotler
Publisher:PEARSON
Contemporary Marketing
Marketing
ISBN:9780357033777
Author:Louis E. Boone, David L. Kurtz
Publisher:Cengage Learning
Introduction to Forecasting; Author: Ekeeda;https://www.youtube.com/watch?v=5eIbVXrJL7k;License: Standard YouTube License, CC-BY