Homework Clinic
Social Science Clinic => Business => Topic started by: roselinechinyere27m on Jun 24, 2018
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Super Cola sales breakdown as 80 regular soda and 20 diet soda. While 60 of the regular soda is purchased by men, only 30 of the diet soda is purchased by men. If a woman purchases Super Cola, what is the probability that it is a diet soda?
Question 2
A regression analysis between sales (Y in 1000 . and advertising (X in dollars) resulted in the following equation = 30,000 + 4 X The above equation implies that an
a. increase of 4 in advertising is associated with an increase of 4,000 in sales
b. increase of 1 in advertising is associated with an increase of 4 in sales
c. increase of 1 in advertising is associated with an increase of 34,000 in sales
d. increase of 1 in advertising is associated with an increase of 4,000 in sales
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Answer to Question 1
0.30435
Answer to Question 2
D