Business Statistics

- Using PHSTat - Send Excel + Paste into Word also * Must write out a NULL & HYPOTHESIS and include BUT WHAT DOES THIS MEAN TO A MANAGER?? See attached file for solution template.

Regression analysis for Business Statistics - Effect of Shelf Space on Sales of Pet Food.

Problem #1 The marketing manager of a large supermarket chain would like to determine the effect of shelf space on the sales of pet food. A random sample of 12 equal-sized stores is selected, with the following results: Store Shelf Space X (Feet) Weekly Sales Y (Hundreds of Dollars) 1 5 1.6 2 5 2.2 3 5 1.4 4 10 1.9 5 10 2.4 6 10 2.6 7 15 2.3 8 15 2.7 9 15 2.8 10 20 2.6 11 20 2.9 12 20 3.1 a. Set up a scatter diagram (NOTE: you can select this as an output with the regression). • ______________________________________________________ b. Assuming a linear relationship, use the least squares method to find the regression coefficients B0 & B1. ... click for more

Business Statistics

Business Statistics See attached [same as priors] - Using PHSTAT - Send Excel + Paste into Word

Business Statistics

The Student Viewfinder Survey ( Campus Satisfaction Survey) is great! * Same as priors [with PHStat] * Upload .doc + .xcl

Probabilities

Can you think of situations in the business world or other real life situations where you would need to calculate or estimate probabilities? As a corollary, would you say that probabilities have to be numeric (quantitative) in order to be useful to business and industry? Why or why not?