Ask Question, Ask an Expert

+1-415-315-9853

info@mywordsolution.com

Ask Statistics and Probability Expert

A suburban drug store manager thinks that its daily sales are related to number of customers who visit its premises daily. To check on this, it collects data on number of customers for each day and daily sales. The data are shown in table below.

A. Draw scatter plot of the data. 

B. Make an equation showing how daily sales are related to the number of customers for each day.

C. Predict the daily sales when 450 customers visit store.

Number of customers per day:   100,     200,     300,     400,    500  

Daily Sales (in $1000):            1000,  1,000  2,000,  2,000  4,000

Statistics and Probability, Statistics

  • Category:- Statistics and Probability
  • Reference No.:- M923284

Have any Question? 


Related Questions in Statistics and Probability

Msa stat workshop assessment requirements1 what is the

MSA STAT Workshop Assessment REQUIREMENTS 1. What is the population Regression function? ("GNP"  is dependent, and "Invest," "CPI" and "Interest" are independent) 2. Is this regression function significant overall (state ...

X is a random variable normally distributed with a normal

X is a random variable, normally distributed (with a normal probability density function), with mean µX and variance σ 2 . Conventional shorthand notation for this is X ~ N (µX, σ 2 ). X¯ is a random sample mean computed ...

Independent samples are taken of a random variable x if

Independent samples are taken of a random variable X . If the PDF of is uniform over the interval   and zero elsewhere, then approximate the density of the sample mean with a normal density, assuming the number of sample ...

Research project - project title - an investigation into

Research Project - Project Title - An investigation into the under-filling of tuna cans and the demand for a new product. Cans are airtight containers which preserve processed food. These are mostly easy to cook food ite ...

Letnbspnbsprepresent an n-dimensional vector of random

Let   represent an N-dimensional vector of random variables that is uniformly distributed over the region  That is (a) Find the constant c . (b) Find the marginal PDF for a subset of of the random variables. (c) Are the ...

Construct a 95 confidence interval for mu1-mu2 with the

Construct a 95 % confidence interval for μ1-μ2 with the sample statistics for mean calorie content of twobakeries' specialty pies and confidence interval construction formula below. Assume the populations are approximate ...

Suppose a point in three-dimensional cartesian space x y

Suppose a point in three-dimensional Cartesian space, (X, Y, Z)  is equally likely to fall anywhere on the surface of the hemisphere defined by X 2 + Y 2 + Z 2 = 1 and Z>=0.  (a) Find the PDF Of  Z, f Z (z).  (b) Find th ...

A random sample of 80 lawyers was taken and they were asked

A random sample of 80 lawyers was taken, and they were asked if they are in favour of or against capital punishment. The following table gives the two-way classification of their responses.

Letnbspnbspnbspbe a random process where

Let     be a random process, where A n  and    is the Kronecker delta function. This process is sometimes used as a model for random noise. (a) Find the time-varying autocorrelation function  (c) Find the PSD of this pro ...

I deal myself 13 cards for a standard 52-card deck find the

I deal myself 13 cards for a standard 52-card deck. Find the probabilities of each of the following events: (a) exactly one heart appears in my hand (of 13 cards); (b) at least 7 cards from a single suit appear in my han ...

  • 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

A cola-dispensing machine is set to dispense 9 ounces of

A cola-dispensing machine is set to dispense 9 ounces of cola per cup, with a standard deviation of 1.0 ounce. The manuf

What is marketingbullwhat is marketing think back to your

What is Marketing? • "What is marketing"? Think back to your impressions before you started this class versus how you

Question -your client david smith runs a small it

QUESTION - Your client, David Smith runs a small IT consulting business specialising in computer software and techno

Inspection of a random sample of 22 aircraft showed that 15

Inspection of a random sample of 22 aircraft showed that 15 needed repairs to fix a wiring problem that might compromise

Effective hrmquestionhow can an effective hrm system help

Effective HRM Question How can an effective HRM system help facilitate the achievement of an organization's strate