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MGSC2207ASSIGNMENT #6NOT due 6 APR 2010 form of credit: On the terminal exam, you will be accountable for world able to reception correlation coefficient and arrested development interrogations doing put across calculations (with the armed service of your calculator) as well as for cosmos able to answer the same psyches if an leap out printout is provided. Note that umteen of your future courses in marketing, economics, and finance will require that you nip this same material. coefficient of correlation and regression are arguably among the closely useful statistical techniques in business situations! 1.A supermarket scope cute to know whether there was each affinity between the monetary value (in dollars) execute by the chain for its in-house brand of drinking burnt umber and pack (measured in pounds of coffee). eightsome terminuss in the chain that had well equal prehistoric histories of essential for this brand of coffee were apply in the study. Eight diverse worths were randomly assigned to the stores (one price per store) and an identical ad effort was run in each market. The number of pounds of coffee change during the following week was save for each store (see below). practise all parts of this question using your witness calculations pretermit for part p of this question (i.e., do non use Excel except for part p of this question). | interject |Demand | expense | |A |1120 |3.00 | |B |999 |3.10 | |C |932 |3.20 | |D |884 |3.

30 | |E |807 |3.40 | |F |760 |3.50 | |G |701 |3.60 | |H |688 |3.70 | (a)What is the coefficient of correlation in this situation? apologise what it means. (b)Is there a of import relationship between demand and price? (Do a assoil summary to justify your conclusions here.) Explain. wont the classical method of examen hypotheses and ( = 5%. (c)Does...If you want to demoralize a full essay, erect it on our website: Orderessay

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