This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: A regression analysis between sales (in 1000) and price (in dollars) resulted in the following ... (Read 44 times)

lilldybug07

  • Hero Member
  • *****
  • Posts: 546
on: Jun 24, 2018
A regression analysis between sales (in 1000) and price (in dollars) resulted in the following equation: = 60 - 8x The above equation implies that an
 a. increase of 1 in price is associated with a decrease of 8 in sales.
  b. increase of 8 in price is associated with a decrease of 52,000 in sales.
  c. increase of 1 in price is associated with a decrease of 52 in sales.
  d. increase of 1 in price is associated with a decrease of 8000 in sales.

Question 2

A major credit card company has determined that its customers charge an average of 280 per month on their accounts with a standard deviation of 20.
 a. What percentage of the customers charges more than 275 per month?
  b. What percentage of the customers charges less than 243 per month?
  c. What percentage of the customers charges between 241 and 301.60 per month?


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

bubulittle310@msn.cn

  • Sr. Member
  • ****
  • Posts: 281
Reply #1 on: Jun 24, 2018
Answer to Question 1

d

Answer to Question 2

a. 59.87
b. 3.22
c. 83.43


lilldybug07

  • Member
  • Posts: 546
Reply 2 on: Jun 24, 2018
Great answer, keep it coming :)

mochi09

  • Member
  • Posts: 335
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

All adverse reactions are commonly charted in red ink in the patient's record and usually are noted on the front of the chart. Failure to follow correct documentation procedures may result in malpractice lawsuits.

Did you know?

Hip fractures are the most serious consequences of osteoporosis. The incidence of hip fractures increases with each decade among patients in their 60s to patients in their 90s for both women and men of all populations. Men and women older than 80 years of age show the highest incidence of hip fractures.

Did you know?

Once thought to have neurofibromatosis, Joseph Merrick (also known as "the elephant man") is now, in retrospect, thought by clinical experts to have had Proteus syndrome. This endocrine disease causes continued and abnormal growth of the bones, muscles, skin, and so on and can become completely debilitating with severe deformities occurring anywhere on the body.

Did you know?

Less than one of every three adults with high LDL cholesterol has the condition under control. Only 48.1% with the condition are being treated for it.

Did you know?

Astigmatism is the most common vision problem. It may accompany nearsightedness or farsightedness. It is usually caused by an irregularly shaped cornea, but sometimes it is the result of an irregularly shaped lens. Either type can be corrected by eyeglasses, contact lenses, or refractive surgery.

Wheat and Cotton Prices and Consumer Price Indexes, 1865–1896 Wheat and Cotton Prices and Consumer Price Indexes, 1865–1896
Northern blot analysis of dfmr1 gene expression in Drosophila ovaries and embryos Northern blot analysis of dfmr1 gene expression in Drosophila ovaries and embryos
Table - Correlation Analysis Table - Correlation Analysis
Suppose the market supply curve is p = 5Q. If price increases from 10 to 15, the change in ... Suppose the market supply curve is p = 5Q. If price increases from 10 to 15, the change in ...
GENETIC ANALYSIS GENETIC ANALYSIS
GENETIC ANALYSIS GENETIC ANALYSIS
Video: A Human Karyotype Preparation Animation

For a complete list of videos, visit our video library