The table below shows the number of cars (in millions) sold in the United States for various
Question:
The table below shows the number of cars (in millions) sold in the United States for various years and the percent of those cars manufactured by GM.
.png)
Use a statistical software package to answer the following questions.
a. Is the number of cars sold directly or indirectly related to GM’s percentage of the market? Draw a scatter diagram to show your conclusion.
b. Determine the correlation coefficient between the two variables. Interpret the value.
c. Is it reasonable to conclude that there is a negative association between the two variables? Use the .01 significance level.
d. How much of the variation in GM’s market share is accounted for by the variation incars sold?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
a The sales volume is inversely relatedto their market share b The correlation co...View the full answer
Answered By
Asim farooq
I have done MS finance and expertise in the field of Accounting, finance, cost accounting, security analysis and portfolio management and management, MS office is at my fingertips, I want my client to take advantage of my practical knowledge. I have been mentoring my client on a freelancer website from last two years, Currently I am working in Telecom company as a financial analyst and before that working as an accountant with Pepsi for one year. I also join a nonprofit organization as a finance assistant to my job duties are making payment to client after tax calculation, I have started my professional career from teaching I was teaching to a master's level student for two years in the evening.
My Expert Service
Financial accounting, Financial management, Cost accounting, Human resource management, Business communication and report writing. Financial accounting : • Journal entries • Financial statements including balance sheet, Profit & Loss account, Cash flow statement • Adjustment entries • Ratio analysis • Accounting concepts • Single entry accounting • Double entry accounting • Bills of exchange • Bank reconciliation statements Cost accounting : • Budgeting • Job order costing • Process costing • Cost of goods sold Financial management : • Capital budgeting • Net Present Value (NPV) • Internal Rate of Return (IRR) • Payback period • Discounted cash flows • Financial analysis • Capital assets pricing model • Simple interest, Compound interest & annuities
65+ Reviews
86+ Question Solved
Related Book For 
Statistical Techniques In Business And Economics
ISBN: 356
16th Edition
Authors: Douglas Lind, William Marchal
Question Posted:
