# MBA624 Chpt8 - Quick Links Review Test Submission Ch8_HW...

• 25
• 98% (66) 65 out of 66 people found this document helpful

This preview shows page 1 - 5 out of 25 pages.

Quick LinksReview Test Submission: Ch8_HW Question 11 out of 1 pointsA correlation analysis requires that the data be either ________ data or _______ data.Selected Answer:interval, ratioAnswers:ordinal, intervalnominal, intervalnominal, ratiointerval, ratio
Question 21 out of 1 pointsConsider the relationship between the following variables:Monthly electricity bill for a household during the summerAverage high ambient temperature during the summer monthsAverage high ambient temperature during the summer months would be consideredthe dependent variable.
Question 31 out of 1 pointsCostco sells paperback books in their retail stores and wanted to examine the relationship between price and demand. The price of a particular novel was adjusted each week and the weekly sales were recorded in the table below.SalesPrice3\$12
4\$116\$1010\$98\$810\$7The correlation coefficient for this data is ________.
Question 41 out of 1 pointsCostco sells paperback books in their retail stores and wanted to examine the relationship between price and demand. The price of a particular novel was adjusted each week and the weekly sales were recorded in the table below.SalesPrice3\$124\$116\$1010\$98\$810\$7?Management would like to use simple regression analysis to estimate weekly demand for this novel using the price of the novel. The slope for the regression equation is ________.
Question 51 out of 1 pointsCostco sells paperback books in their retail stores and wanted to examine the relationship between price and demand. The price of a particular novel was adjusted each week and the weekly sales were recorded in the table below.SalesPrice3\$124\$116\$1010\$98\$810\$7Management would like to use simple regression analysis to estimate weekly demand for this novel using the price of the novel. The average weekly sales for the novel when priced at \$9 is ________.Selected Answer:7.56Answers:7.565.324.706.22
Question 61 out of 1 pointsCostco sells paperback books in their retail stores and wanted to examine the relationship between price and demand. The price of a particular novel was adjusted each week and the weekly sales were recorded in the table below.
SalesPrice3\$124\$116\$1010\$98\$810\$7Management would like to use simple regression analysis to estimate weekly demand for this novel using the price of the novel. The coefficient of determination for this sample is ________.