Class Exercise - Correlation Analysis X Y 10 5 15 8 20 11 16 65 15...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Class Exercise - Correlation Analysis X Y 10 5 15 8 20 11 16 65 15 18 82 12. 21 22 15 25 18 20 10 15 8 18+ nExy-Ex Ey √[nEx² - (Ex)²] [n Σy² - (Σy)²] 18 7 X represents the sales volume of a company and Y represents the Cost of Sales. Hypothesis: Sales volume is positively related to cost of sales Find coefficient of correlation (r) for the given data. Explain the value of r and accept or reject the hypothesis. Class Exercise - Correlation Analysis X Y 10 5 15 8 20 11 16 65 15 18 82 12. 21 22 15 25 18 20 10 15 8 18+ nExy-Ex Ey √[nEx² - (Ex)²] [n Σy² - (Σy)²] 18 7 X represents the sales volume of a company and Y represents the Cost of Sales. Hypothesis: Sales volume is positively related to cost of sales Find coefficient of correlation (r) for the given data. Explain the value of r and accept or reject the hypothesis.
Expert Answer:
Answer rating: 100% (QA)
To find the correlation coefficient r for the given data we first need to calculate a few numbers Le... View the full answer
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date:
Students also viewed these general management questions
-
The following additional information is available for the Dr. Ivan and Irene Incisor family from Chapters 1-5. Ivan's grandfather died and left a portfolio of municipal bonds. In 2012, they pay Ivan...
-
A researcher wanted to find out if there was difference between older movie goers and younger movie goers with respect to their estimates of a successful actors income. The researcher first...
-
The data set given in DS 13.2.1 concerns the sales volume of a company, the price at which the company sells its product, and the price of a competing product for each of n = 10 quarter periods. Use...
-
Julia Robertson is a senior at Tech, and she's investigating different ways to finance her final year at school. She is considering leasing a food booth outside the Tech stadium at home football...
-
Post an example of this function and explain how the control function applies in your statement: "...It helps them in long term planning, organizing and controlling of sales, costs and profit of the...
-
At this point, the writer is considering adding the following sentence: In 1984, Helgas great-great-grandson wrote a story about his ancestor for a history assignment. Should the writer make this...
-
What are the three factors of the fraud pyramid?
-
Wang Co. has delivery equipment that cost $50,000 and has been depreciated $24,000. Instructions Record entries for the disposal under the following assumptions. (a) It was scrapped as having no...
-
Clyde Clerk is reviewing his firm??s expense reimbursementpolicies with the new salesperson, Trav Farr. ??Our reimbursementpolicies depend on the situation. You see, first we determine if itis a 2...
-
For this assignment, we are going to change our point of view. You are now working for Woolly, and you are preparing Woolly's response to Mammoth's RFP to support the transition of the 12 staff from...
-
Emmanuel likes gardening. He grows zucchini that he sells at the local farmers' market. The table below describes the benefits and costs Emmanuel faces as he decides how many hours to dedicate to his...
-
Find sum of the vector and angles of the vectoCS Sum
-
Explain the concept and value of benchmarking, and define the differences between internal and external benchmarking. Describe at least 1 internal and 1 external benchmark that risk managers can use...
-
Suzy was killed on a rainy hot summer night. Her business partner, Don, waited behind a muddy dirt hill and shot Suzy as she was unlocking her home entrance door. The District Attorney charged Don...
-
Create JavaFx program for an animate digital clock with Text hour(hh) at (x,y)= (50,50) and Text colon1(:) at (x,y) = (100,50), Text minute(mm) at (x,y) = (125,50), Text colon2(:) at (x,y) =...
-
Green Co. has a checking account at Red Bank and an interest-bearing savings account at Blue Bank. On December 31, Year 1, Green's bank records reflect the following information: Red Bank Bank...
-
An investor invests 40% of her wealth in a risky asset with an expected rate of return of 15% and a variance of 4% and 60% in a treasury bill that pays 6%. Her portfolio's expected rate of return and...
-
Heineken N.V., a global brewer based in the Netherlands, reports the following balance sheet accounts for the year ended December 31, 2016 (euros in millions). Prepare the balance sheet for this...
-
Leslie and Leon Lazo are married and file a joint return for 2012. Leslie's Social Security number is 466-47-3311 and Leon's is 467-74-4451. They live at 143 Snapdragon Drive, Reno, NV 82102. For...
-
Fisafolia Corporation has gross income from operations of $220,000 and operating expenses of $160,000 for 2012. The corporation also has $20,000 in dividends from publicly traded domestic...
-
Teresa is a civil engineer who uses her automobile for business. Teresa drove her automobile a total of 21,732 miles during 2012, of which 95 percent was business mileage. The actual cost of...
-
Record the following details for the month of November 19X7 and extract a trial balance as at 30 November: 19X7 Nov 1 Started with 5,000 in the bank. 3 Bought goods on credit from: T Henriques 160; J...
-
Record the following for the month of January, balance off all the accounts, and then extract a trial balance as at 31 January 19X8: 19X8 Jan 1 Started business with 3,500 cash. 2 Put 2,800 of the...
-
From the following trial balance of B Webb, extracted after one years trading, prepare a trading and profit and loss account for the year ended 31 December 19X6. A balance sheet is not required....
Study smarter with the SolutionInn App