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Studies have shown that the frequency with which shoppers browse Internet retailers is related to the frequency with which they actually purchase products and/or services
Studies have shown that the frequency with which shoppers browse Internet retailers is related to the frequency with which they actually purchase products and/or services online. The following data show respondents age and answer to the question "How many minutes do you browse online retailers per year?" | ||||
Note that this sheet includes questions 10-16 | ||||
Age (X) | Time (Y) | |||
16 | 420 | |||
17 | 269 | |||
19 | 315 | |||
22 | 337 | |||
22 | 243 | |||
22 | 459 | |||
22 | 414 | |||
28 | 224 | |||
28 | 381 | |||
28 | 412 | |||
28 | 576 | |||
30 | 333 | |||
33 | 551 | |||
34 | 548 | |||
35 | 626 | |||
35 | 521 | |||
35 | 562 | |||
36 | 699 | |||
39 | 643 | |||
39 | 455 | |||
40 | 666 | |||
42 | 553 | |||
43 | 459 | |||
44 | 525 | |||
48 | 559 | |||
50 | 507 | |||
50 | 612 | |||
51 | 710 | |||
52 | 378 | |||
54 | 566 | |||
58 | 652 | |||
59 | 725 | |||
60 | 695 | |||
10) | Use Data > Data Analysis > Correlation to compute the correlation checking the Labels checkbox. | |||
11) | Use the Excel function =CORREL to compute the correlation. If answers for #1 and 2 do not agree, there is an error. | |||
The strength of the correlation motivates further examination. | ||||
12) | a) Insert Scatter (X, Y) plot linked to the data on this sheet with Age on the horizontal (X) axis. | |||
b) Add to your chart: the chart name, vertical axis label, and horizontal axis label. | ||||
c) Complete the chart by adding Trendline and checking boxes | ||||
Read directly from the chart: | ||||
13) | a) Intercept = | |||
b) Slope = | ||||
c) R2 = | ||||
Perform Data > Data Analysis > Regression. | ||||
14) | Highlight the Y-intercept with yellow. Highlight the X variable in blue. Highlight the R Square in orange | |||
15) | Use Excel to predict the number of minutes spent by a 22-year old shopper. Enter = followed by the regression formula. | |||
Enter the intercept and slope into the formula by clicking on the cells in the regression output with the results. | ||||
16) | Is it appropriate to use this data to predict the amount of time that an 85-year-old will spend browsing online retailers ? | |||
If yes, what is the amount of time, if no, why? |
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