Answer the following questions using the data given below. Moviegoer Spending on Snacks (n = 10)...

Answer the following questions using the data given below. Moviegoer Spending on Snacks (n = 10) Age (X) ($) Spent (Y) 30 6.85 50 10.50 34 5.50 12 10.35 37 10.20 33 10.75 36 7.60 26 10.10 18 12.35 46 8.35 Use Excel to make a scatter plot of the data. Select the data points, right-click, select Add Trendline, select the Options tab, and choose Display equation on chart and Display R-squared value on chart. Picture Click here for the Excel Data File (a) Choose the right option. An increase in age leads to an average increase in spending. An increase in age leads to an average decrease in spending. (b) Choose the correct statement. The intercept is meaningful because one could spend money on snacks even if very young. The intercept is not meaningful in this case because age wouldn’t be zero. (c) Calculate R2. (Round your answer to 4 decimal places.) R2 (d) The percentage of variation in spending that is explained by a moviegoer’s age is %. (Round your answer to 2 decimal places.) (e) Age of the consumer has a great impact on the amount spent. Yes No

Expert Solution

orchestra answered 2 years ago

Given the data set below, use it to answer the following questions: 10, 20, 30, 40,...

Given the data set below, use it to answer the following questions: 10, 20, 30, 40, 50 a. Find the standard deviation b. Add 5 to each data set value and find the standard deviation. c. Subtract 5 from each value and find the standard deviation. d. Multiply by 5 on each value and find the standard deviation. e. Divide by 5 on each value and find the standard deviation. f. Generalize the results in parts a-e.

For a highly repetitive operation, using the data shown below, answer the questions that follow: (10...

For a highly repetitive operation, using the data shown below, answer the questions that follow: (10 points) First unit (minutes) = 11 Learning curve = 90% Salary per hour = $10.50 What is the time required to produce the 20th unit? If steady state is achieved with 20 units,what is the labor cost per unit for this operation?

Using the data given below, answer the following questions: X 20 31 50 57 61 62...

Using the data given below, answer the following questions: X 20 31 50 57 61 62 72 79 81 88 y 25 39 42 45 47 80 81 93 68 99 Note: As a way to check your data entry, Âxy = 41600 for this data. The value of the correlation coefficient, r, is _______________________ The linear regression equation is: y = ________________________________________________ PHOTO (data lists and output) Briefly discuss whether this line a good fit for the data and...

. Using the financial statement and data below answer the following questions: Financial Statement Data and...

. Using the financial statement and data below answer the following questions: Financial Statement Data and Stock Price Data for Flextronics (All data as of fiscal year end; $ in millions) Income Statement 2012 2013 2014 2015 2016 Revenue 404.3 363.8 424.6 510.7 604.1 Cost of Goods Sold -188.3 -173.8 -206.2 -246.8 -293.4 Gross profit 216 190 218.4 263.9 310.7 Sales and Marketing -66.7 -66.4 -82.8 -102.1 -120.8 Administration -60.6 -59.1 -59.4 -66.4 -78.5 Depreciation & Amortization -27.3 -27 -34.3...

Using data set E, answer the questions given below. DATA SET E Microprocessor Speed (MHz) and...

Using data set E, answer the questions given below. DATA SET E Microprocessor Speed (MHz) and Power Dissipation (watts) (n = 14 chips) Chip Speed (MHz) Power (watts) 1989 Intel 80486 20 3 1993 Pentium 100 10 1997 Pentium II 233 35 1998 Intel Celeron 300 20 1999 Pentium III 600 42 1999 AMD Athlon 600 50 2000 Pentium 4 1300 51 2004 Celeron D 2100...

Use the following data to answer the questions below:

Use the following data to answer the questions below: Q VC MC AVC 1 $10 ___ ___ 2 16 ___ ___ 3 20 ___ ___ 4 25 ___ ___ 5 31 ___ ___ 6 38 ___ ___ 7 46 ___ ___8 55 ___ ___9 65 ___ ___ a. Calculate the marginal cost and average variable cost for each level of production.b. How much would the firm produce if it could sell its product for...

Answer the questions below using the information given in the following table. China France Pairs of...

Answer the questions below using the information given in the following table. China France Pairs of boots produced per hour 4 8 Bottles of wine per hour 2 16 Comparative advantage ? ? Which country has a comparative advantage in the production of boots? b. Provide the range of the international relative price of wine at which the two countries would trade.

Answer the following questions using the information below: ABC Corp. used the following data to evaluate...

Answer the following questions using the information below: ABC Corp. used the following data to evaluate its current operating system. The company sells items for $21 each and used a budgeted selling price of $21 per unit. Actual Budgeted Units sold 180,000 units 185,000 units Variable costs $1,080,000 $1,295,000 Fixed costs $ 800,000 $ 775,000 1) What is the static-budget variance of revenues? A) $105,000 favorable B) $105,000 unfavorable C) $8,000 favorable D) $8,000 unfavorable 2)...

Answer the questions below using the following information on a firm:

Answer the questions below using the following information on a firm: Output (Quantity) Total Cost 0 $50 1 60 2 80 3 110 4 150 5 200 6 260 7 330 8 410 What is average total cost at Q=7? What is marginal cost at Q =7? Is this firm operating under increasing or diminishing returns at Q=7? Why? Say this firm is a perfect competitor. If the market price for its product is $ 60, at what output level...

Answer the following questions using the data given in the table. Use the T-Test Paired Two...

Answer the following questions using the data given in the table. Use the T-Test Paired Two Sample for Means to arrive at the solutions to the questions below. Use an alpha value of 0.01 Home Appraiser 1 Appraiser 2 A $235,000 $228,000 B $210,000 $205,000 C $231,000 $219,000 D $242,000 $240,000 E $205,000 $198,000 F $230,000 $223,000 G $231,000 $227,000 H $210,000 $215,000 I $225,000 $222,000 J $249,000 $245,000 K $199,000 $201,000 1 What is the value for the test...

Question