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Question 69 5 pts A regional manager for a chain of discount tire stores collected data from 30 stores over a 2-year period (24 months).
Question 69 5 pts A regional manager for a chain of discount tire stores collected data from 30 stores over a 2-year period (24 months). The data consist of the monthly amount, A, of dollars spent on advertising by each store, and the dollar amount of sales revenue, R, for each store during the month. The manager plans to use this data to investigate the association between these two variables. The computations result in a correlation of 'r' = 0.85. Instead of using dollars as the units for monthly sales revenue, the manager decides to record the monthly sales revenues in terms of thousands of dollars, and then determine the correlation between Aand R. This change in the units for R will cause which of the following: The correlation between the variables will decrease from the value previously computed. The correlation between the variables will increase from the value previously computed. The correlation between the variables will be unchanged from the value previously computed. The effect on the correlation cannot be determined without examining the new scatterplot. Question 64 5 pts A retailer calculated the correlation line between the price of an item (x) and the amount sold (3;). The correlation line is the same if the x and 3; variables are exchanged. True False Question 55 5 pts In an election held in the past that was contested by three parties, Party A captured 31% of the votes, party B garnered 51%, and party C received the remaining votes. A survey of 1,200 voters asked each to identify the party they would vote for in the next election. These results were recorded where 1 = party A, 2 = party B, and 3 = party C. The dataset named Election is available under Modules -> Homework 6 Datasets on Canvas. What will be your inference at the 5% signicance level? Reject Ho. There is not enough evidence to infer that the voter support has changed since the election. Reject H0. There is enough evidence to infer that the voter support has changed since the election. Fail to Reject H0. There is enough evidence to infer that the voter support has changed since the election. Fail to Reject Ho. There is not enough evidence to infer that the voter support has changed since the election
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