1. What is the F value and p-value for the test?

   a.	F = 50.14 and p = .000
   b.	F = 12.60 and p = .061

2.44 points

QUESTION 10

1. What is the average purchase price for the three years in question?

   a.	21.7, 21.7, 21.7
   b.	21.06, 23.82, 28.93

2.44 points

QUESTION 11

1. What Tukey range values establishes if the average purchase price in 2002 is significantly different from the average purchase price in 2003?

   a.	.892 to 4.628
   b.	6.007 to 9.743

2.44 points

QUESTION 12

1. This information applies to problems 12 and 13.

   Some at Avalon Cosmetics were concerned that the time of day when the sale was made would significantly affect the purchase price.

   What is the p value for the approriate test of hypothesis?

   a.	.102
   b.	.016

2.44 points

QUESTION 13

1. What would be the approriate conclusion to the hypothesis test?

   a.	Accept Ho:I am not at least 95% sure that the average sales price is different for the different times of day.
   b.	Accept Ha:I am at least 95% sure that the average sales price is different for the different times of day.
   c.	Accept Ha:I am at least 95% sure that the average sales price is the same for the different times of day.

2.44 points

QUESTION 14

1. This material applies to questions 14 to 18.

   Every time that a customer service saleswoman has to return to try to catch a customer,extra time and effort are involved.However, if the customer feels guilty about causing the representative to return more than one time, then maybe they may buy significantly more cosmetics plus they may be out of more goods due to the unexpected time since the last successful contact (that is, an actual placed sales order).Does the expected purchase price for an order increase as the number of contacts increases?

   What type of analysis should be performed?

   a.	Regression
   b.	Analysis of Variance
   c.	Crosstabs

2.44 points

QUESTION 15

1. What is the t value and p value for the test?

   a.	T = 5.43 and p = .000
   b.	T = 3.23 and p = .001

2.44 points

QUESTION 16

1. On the average, how much more does a customer buy for each additional time the customer service representative goes to the house?

   a.	$2.10 per visit
   b.	$0.74 per visit

2.44 points

QUESTION 17

1. If a customer service agent makes only 30% on gross margin,what would be the expected increase in revenue for each additional contact attempt? Note: This answer is not found from the computer but is a business question that you need to answer.

   a.	$.22 per additional contact
   b.	$.63 per additional contact

2.44 points

QUESTION 18

1. What percent of the variation in purchase price can be associated with the variation in the number of contacts?

   a.	3.4%
   b.	62.3%