Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Conduct an analysis to examine the impact of items, type of customer, and method of payment on net sales. Use the results to answer questions

Conduct an analysis to examine the impact of items, type of customer, and method of payment on net sales. Use the results to answer questions 27-30, Use Minitab or Excel.

27. Assuming the regression equation for this set of variables met all conditions and was usable, what is the predicted value of sales for a promotional customer purchasing 3 items using the proprietary credit card? Answer using two decimal places.

_________________________________________________

28. Explain multicollinearity and its effects of it on a multiple linear regression analysis.

______________________________________________________________________________________________

29. Is there an issue with multicollinearity in this analysis? Be specific. Cut and paste or upload the Minitab output or include the specific information from the output you are using in your assessment of multicollinearity.

_______________________________________________________________________________________________

30. What steps would you take next to get to the best regression model? Be specific using the variables from this example.

_______________________________________________________________________________________________

Data set is listed below:

Customer Store location Type of Customer Items Net Sales Method of Payment Gender Marital Status Age
1 A Regular 1 $39.50 Discover Male Married 32
2 B Promotional 1 $102.40 Proprietary Card Female Married 36
3 B Regular 1 $22.50 Proprietary Card Female Married 32
4 A Promotional 5 $100.40 Proprietary Card Female Married 28
5 C Regular 2 $54.00 MasterCard Female Married 34
6 A Regular 1 $44.50 MasterCard Female Married 44
7 A Promotional 2 $78.00 Proprietary Card Female Married 30
8 A Regular 1 $22.50 Visa Female Married 40
9 B Promotional 2 $56.52 Proprietary Card Female Married 46
10 A Regular 1 $44.50 Proprietary Card Female Married 36
11 C Regular 1 $29.50 Proprietary Card Female Married 48
12 C Promotional 1 $31.60 Proprietary Card Female Married 40
13 B Promotional 9 $160.40 Visa Female Married 40
14 B Promotional 2 $64.50 Visa Female Married 46
15 B Regular 1 $49.50 Visa Male Single 24
16 A Promotional 2 $71.40 Proprietary Card Male Single 36
17 A Promotional 3 $94.00 Proprietary Card Female Single 22
18 C Regular 3 $54.50 Discover Female Married 40
19 B Promotional 2 $38.50 MasterCard Female Married 32
20 A Promotional 6 $44.80 Proprietary Card Female Married 56
21 C Promotional 1 $31.60 Proprietary Card Female Single 28
22 A Promotional 4 $70.82 Proprietary Card Female Married 38
23 B Promotional 7 $266.00 American Express Female Married 50
24 C Regular 2 $74.00 Proprietary Card Female Married 42
25 C Promotional 2 $39.50 Visa Male Married 48
26 B Promotional 1 $30.02 Proprietary Card Female Married 60
27 A Regular 1 $44.50 Proprietary Card Female Married 54
28 B Promotional 5 $192.80 Proprietary Card Female Single 42
29 B Promotional 3 $71.20 Proprietary Card Female Married 32
30 C Promotional 1 $18.00 Proprietary Card Female Married 70
31 C Promotional 2 $63.20 MasterCard Female Married 28
32 A Regular 1 $75.00 Proprietary Card Female Married 52
33 B Promotional 3 $63.20 Proprietary Card Female Married 44
34 C Regular 1 $40.00 Proprietary Card Female Married 34
35 A Promotional 5 $105.50 MasterCard Female Married 56
36 C Regular 1 $29.50 MasterCard Male Single 36
37 C Regular 2 $102.50 Visa Female Single 42
38 B Promotional 6 $117.50 Proprietary Card Female Married 50
39 A Promotional 5 $13.23 Proprietary Card Female Married 44
40 B Regular 2 $52.50 Proprietary Card Female Married 58
41 A Promotional 13 $198.80 Proprietary Card Female Married 42
42 B Promotional 4 $19.50 Visa Female Married 46
43 A Regular 2 $123.50 Proprietary Card Female Married 48
44 A Promotional 1 $62.40 Proprietary Card Female Married 54
45 C Promotional 2 $23.80 Proprietary Card Female Married 38
46 C Promotional 2 $39.60 Proprietary Card Female Married 60
47 A Regular 1 $25.00 MasterCard Female Married 46
48 A Promotional 3 $63.64 Proprietary Card Female Married 30
49 A Promotional 1 $14.82 Proprietary Card Female Married 32
50 B Promotional 9 $145.20 MasterCard Female Married 46
51 A Promotional 6 $176.62 Proprietary Card Female Married 38
52 C Promotional 5 $118.80 Proprietary Card Male Married 68
53 A Regular 1 $58.00 Discover Female Single 78
54 C Regular 2 $74.00 Visa Female Single 20
55 B Regular 2 $49.50 MasterCard Female Married 32
56 B Promotional 3 $141.60 Proprietary Card Female Married 38
57 B Promotional 6 $123.10 Proprietary Card Female Married 54
58 C Promotional 2 $80.40 Proprietary Card Female Married 48
59 B Promotional 4 $65.20 MasterCard Female Married 46
60 A Promotional 4 $113.00 Proprietary Card Female Single 50
61 A Promotional 1 $108.80 Proprietary Card Female Married 46
62 A Promotional 3 $59.91 Proprietary Card Female Single 30
63 B Promotional 5 $53.60 Proprietary Card Female Married 54
64 A Promotional 1 $31.60 Proprietary Card Female Single 42
65 A Promotional 2 $49.50 Proprietary Card Female Married 48
66 B Promotional 1 $39.60 Proprietary Card Female Married 62
67 C Promotional 2 $59.50 Proprietary Card Female Married 34
68 A Promotional 5 $146.80 Proprietary Card Female Married 28
69 A Promotional 2 $47.20 Proprietary Card Male Married 46
70 B Promotional 8 $95.05 Proprietary Card Female Married 54
71 C Promotional 5 $155.32 Proprietary Card Female Married 30
72 A Promotional 4 $58.00 MasterCard Female Married 32
73 C Regular 1 $69.00 Proprietary Card Female Single 22
74 A Promotional 2 $46.50 Proprietary Card Female Married 32
75 B Promotional 2 $45.22 Proprietary Card Female Married 74
76 B Promotional 4 $84.74 Proprietary Card Female Married 62
77 B Regular 2 $39.00 Proprietary Card Female Married 42
78 A Promotional 4 $111.14 Proprietary Card Female Married 28
79 A Promotional 3 $86.80 Proprietary Card Female Married 38
80 B Regular 2 $89.00 Discover Female Married 54
81 C Promotional 2 $78.00 MasterCard Female Married 68
82 B Promotional 6 $53.20 Proprietary Card Female Single 30
83 A Promotional 4 $58.50 Visa Female Married 36
84 C Promotional 3 $46.00 Proprietary Card Female Married 44
85 B Regular 2 $37.50 Visa Female Married 44
86 B Promotional 1 $20.80 Proprietary Card Female Married 62
87 C Regular 6 $144.00 MasterCard Female Single 48
88 C Regular 4 $107.00 Proprietary Card Female Married 36
89 C Promotional 1 $31.60 Proprietary Card Female Single 20
90 C Promotional 6 $57.60 Proprietary Card Female Married 42
91 B Promotional 4 $95.20 Proprietary Card Female Married 54
92 A Promotional 1 $22.42 Proprietary Card Female Married 54
93 B Regular 5 $159.75 Proprietary Card Female Married 72
94 A Promotional 17 $229.50 Proprietary Card Female Married 30
95 A Regular 3 $66.00 American Express Female Married 46
96 C Regular 1 $39.50 MasterCard Female Married 44
97 C Promotional 9 $253.00 Proprietary Card Female Married 30
98 C Promotional 10 $287.59 Proprietary Card Female Married 52
99 A Promotional 2 $47.60 Proprietary Card Female Married 30
100 B Promotional 1 $28.44 Proprietary Card Female Married 44

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

Sampling

Authors: Steven K Thompson

3rd Edition

111816296X, 9781118162965

More Books

Students also viewed these Mathematics questions