Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Below are percentages for annual sales growth and net sales attributed to loyalty card usage at 74 Noodles & Company restaurants. Annual Sales Growth (*)

image text in transcribed
Below are percentages for annual sales growth and net sales attributed to loyalty card usage at 74 Noodles & Company restaurants. Annual Sales Growth (*) and Loyalty Card Usage (* of Net Sales) (n = 74 restaurants) Loyalty* Store Growth Loyalty* Store Growth% -8. 2.1 38 7. 1 1.6 -4.0 2.5 39 7.4 1.8 -3.9 1 . 7 40 7.7 2.2 -3.4 2.1 41 7.9 2.2 -3.3 2.5 42 8.1 2.8 -1.9 3.0 43 8.3 2.4 -0.8 2.3 44 8.5 3.1 -0.4 2.3 45 8.6 2.2 -0.2 2.2 46 8.7 1.3 -0.2 2.3 47 8.8 1.8 0.5 2.1 48 8.8 2.5 0.6 2.5 49 8.9 1.9 0.8 2.0 50 9 .1 2.0 1.9 2. 51 9.5 2 .4 14 15 2.0 2.0 52 10.2 2.2 2.1 2 . 53 10.7 2.2 2 .8 2.2 54 11.0 0.3 17 2 .1 55 11.3 1.9 18 2.9 4. 1.9 56 11.4 1.9 20 4.0 2.2 57 11.5 2.2 21 4.0 0.7 58 11.7 2.6 22 4.0 2.0 59 1 1.8 2.2 23 4.2 1 .8 60 11.9 2 .1 24 4.6 2 . 1 61 12.5 2.0 0.9 25 5 .1 2.5 62 12.8 26 5.1 2 .6 63 13.8 1.1 27 5 .5 2.0 64 14.1 3.4 5.9 2.0 65 14.2 1.2 29 5.9 1.4 66 14.6 2.1 0.9 30 6.0 2 . 6 67 14.9 2.2 31 6.1 2 .1 68 15.4 32 6.1 2 .1 69 16.2 1.7 6.1 2.7 70 17.2 2.4 34 6.3 2.0 71 18.4 2 .8 6.6 2.0 20.8 1 .1 35 72 36 6.9 1 . 6 73 25.5 0.6 6.9 1.9 74 28.8 1.8 37 Click here for the Excel Data File (b) Find the correlation coefficient. (Round your answer to 3 decimal places. A negative value should be indicated by a minus sign.)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Trigonometry

Authors: David M Kennedy, James Stewart, Lothar Redlin, Saleem Watson

2nd Edition

1285226089, 9781285226088

More Books

Students also viewed these Mathematics questions

Question

8. What values do you want others to associate you with?

Answered: 1 week ago