Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Operation Management Expert

1)

Howard Weiss, owner of a musical instrument distributorship, thinks that demand for bass drums may be related to the number of television appearances by the popular group Stone Temple Pilots during the previous month. Weiss has collected the data shown in the following table:

Stone Temple Pilot's TV Appearances Demand for Bass Drums

3 3

4 6

7 7

6 5

8 10

5 7

a) Graph these data to see whether a linear equation might describe the relationship between the group's television shows and bass drum sales.

b) Use the least-squares regression method to derive a forecasting equation.

c) What is your estimate for bass drum sales if the Stone Temple Pilots performed on TV nine times last month?

d) What are the correlation coefficient (r) and the coefficient of determination (r2) for this model, and what do they mean?

2) Thirteen students entered the business program at Hillcrest College 2 years ago. The following table indicates what each student scored on the high school SAT math exam and their grade-point averages (GPAs) after students were in the Hillcrest program for 2 years.

Student SAT Score GPA

A 421 2.90

B 377 2.93

C 585 3.00

D 690 3.45

E 608 3.66

F 390 2.88

G 415 2.15

H 481 2.53

I 729 3.22

J 501 1.99

K 613 2.75

L 709 3.90

M 366 1.60

a) Is there a meaningful relationship between SAT math scores and grades?

b) If a student scores a 350, what do you think his or her GPA will be?

c) What about a student who scores 800?

Operation Management, Management Studies

  • Category:- Operation Management
  • Reference No.:- M91274219
  • Price:- $55

Guranteed 36 Hours Delivery, In Price:- $55

Have any Question?


Related Questions in Operation Management

1 is corporate social responsibility is real or is it a

1. Is corporate social responsibility is real or is it a marketing trick? Do corporations have a responsibility to its customers and society at large? 2. What sectors will have the first innovators in Internet of Things ...

Case joseacutes authentic mexican restaurantquestions 1 how

CASE: José's Authentic Mexican Restaurant QUESTIONS 1. How should process outcomes and quality be defined at this restaurant? 2. What are the restaurant's costs of process failures? 3. Use some of the tools for process a ...

What in your opinion will be the major impact of the

What in your opinion will be the major impact of the Walmart decision to purchase FOB from its suppliers? The current stated objective is to reduce transportation costs on freight inbound to Walmart’s distribution center ...

Part iii riskhrmarketingfuture goalsfor part iii you are

Part III: Risk/HR/Marketing/Future Goals For Part III, you are to provide a continuous Table of Contents using the headings below. Discuss each area this week as part of your Physician Practice Business Plan: USE THESE H ...

1 imagine that you are a meeting facilitator think of how

1. Imagine that you are a meeting facilitator. Think of how you would use an affinity diagram, prioritization matrix or impact effort matrix in a team meeting. Choose one tool and explain how you would use it in a team a ...

The demand for staplers at an office supply store is 1092

The demand for staplers at an office supply store is 1,092 per year, the holding cost is $3 per stapler per year, and the setup cost is $15 per order. Lead time is 1 week, and standard deviation of the Lead Time is 5. A ...

Read the case scenariojosh garrett is head of packaging and

Read the Case Scenario Josh Garrett is Head of Packaging and Distribution at Biotech Health and Life Products (Biotech). Josh is in charge of all of the branches the company has throughout the world. Josh has been review ...

A small diner is open for lunch each day the lunch counter

A small diner is open for lunch each day. The lunch counter seats a maximum of 12 customers at one time. The average time required for a customer to complete lunch 30 minutes. It takes 4 minutes of a server’s time to tak ...

Probability concepts and applicationsanswer the following

Probability Concepts and Applications Answer the following questions: 1. Describe the rationale for utilizing probability concepts. Is there more than one type of probability? If so, describe the different types of proba ...

Mcdermott company has developed a new industrial component

McDermott Company has developed a new industrial component called IC-75. The company is excited about IC-75 because it offers superior performance relative to the comparable component sold by McDermott’s primary competit ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As