Question

In: Statistics and Probability

Below are percentages for annual sales growth and net sales attributed to loyalty card usage at...

Below are percentages for annual sales growth and net sales attributed to loyalty card usage at 74 Noodles & Company restaurants.

Annual Sales Growth (%) and Loyalty Card Usage (% of Net Sales)
(n = 74 restaurants)
Store Growth% Loyalty% Store Growth% Loyalty%
1 -8.3 2.1 38 7.1 1.6
2 -4.0 2.5 39 7.4 1.8
3 -3.9 1.7 40 7.7 2.2
4 -3.4 2.1 41 7.9 2.2
5 -3.3 2.5 42 8.1 2.8
6 -1.9 3.0 43 8.3 2.4
7 -0.8 2.3 44 8.5 3.1
8 -0.4 2.3 45 8.6 2.2
9 -0.2 2.2 46 8.7 1.3
10 -0.2 2.3 47 8.8 1.8
11 0.5 2.1 48 8.8 2.5
12 0.6 2.5 49 8.9 1.9
13 0.8 2.0 50 9.1 2.0
14 1.9 2.0 51 9.5 2.4
15 2.0 2.0 52 10.2 2.2
16 2.1 2.6 53 10.7 2.2
17 2.8 2.2 54 11.0 0.3
18 2.9 2.1 55 11.3 1.9
19 4.0 1.9 56 11.4 1.9
20 4.0 2.2 57 11.5 2.2
21 4.0 0.7 58 11.7 2.6
22 4.0 2.0 59 11.8 2.2
23 4.2 1.8 60 11.9 2.1
24 4.6 2.1 61 12.5 2.0
25 5.1 2.5 62 12.8 0.9
26 5.1 2.6 63 13.8 1.1
27 5.5 2.0 64 14.1 3.4
28 5.9 2.0 65 14.2 1.2
29 5.9 1.4 66 14.6 2.1
30 6.0 2.0 67 14.9 0.9
31 6.1 2.1 68 15.4 2.2
32 6.1 2.1 69 16.2 1.7
33 6.1 2.7 70 17.2 2.4
34 6.3 2.0 71 18.4 2.8
35 6.6 2.0 72 20.8 1.1
36 6.9 1.6 73 25.5 0.6
37 6.9 1.9 74 28.8 1.8



(b) Find the correlation coefficient. (Round your answer to 3 decimal places. A negative value should be indicated by a minus sign.)
  
r            ___________

(c-1) To test the correlation coefficient for significance at α = 0.05, fill in the following. (Use the rounded value of the correlation coefficient from part b in all calculations. For final answers, round tcalc to 3 decimal places and the p-value to 4 decimal places. Negative values should be indicated by a minus sign.)
  

tcalc
p-value

Solutions

Expert Solution



Related Solutions

Below are percentages for annual sales growth and net sales attributed to loyalty card usage at...
Below are percentages for annual sales growth and net sales attributed to loyalty card usage at 74 Noodles & Company restaurants. Annual Sales Growth (%) and Loyalty Card Usage (% of Net Sales) (n = 74 restaurants) Store   Growth%   Loyalty% Store   Growth%   Loyalty% 1     -7.3       2.7       38     7.5       1.9       2 -6.5       2.7       39     7.5       2.4       3 -6.3       1.8      ...
Below are percentages for annual sales growth and net sales attributed to loyalty card usage at...
Below are percentages for annual sales growth and net sales attributed to loyalty card usage at 74 Noodles & Company restaurants. Annual Sales Growth (px;) and Loyalty Card Usage (px; of Net Sales) (n = 74 restaurants) Store Growth% Loyalty% Store Growth% Loyalty% 1 -8.0 0.5 38 7.3 2.4 2 -7.5 2.5 39 7.5 1.6 3 -6.4 2.4 40 7.8 1.9 4 -5.2 1.8 41 8.0 2.1 5 -5.0 2.1 42 8.1 1.6 6 -1.7 1.6 43 8.1 1.3 7...
Below are percentages for annual sales growth and net sales attributed to loyalty card usage at...
Below are percentages for annual sales growth and net sales attributed to loyalty card usage at 74 Noodles & Company restaurants. Annual Sales Growth (px;) and Loyalty Card Usage (px; of Net Sales) (n = 74 restaurants) Store Growth% Loyalty% Store Growth% Loyalty% 1 -6.6 1.9 38 7.4 1.2 2 -6.2 2.3 39 7.5 1.7 3 -6.1 2.2 40 7.5 2.0 4 -5.9 2.0 41 7.5 1.4 5 -3.8 2.3 42 7.6 1.2 6 -1.9 1.7 43 7.6 1.9 7...
Increasing usage by existing customers is one way to promote growth in sales. Imagine that you...
Increasing usage by existing customers is one way to promote growth in sales. Imagine that you are the brand manager for the following brands. How would you increase usage by existing customer of each? • Amazon • Starbucks • Doritos
E6-3 (Algo) Reporting Net Sales with Credit Sales, Sales Discounts, Sales Returns, and Credit Card Sales...
E6-3 (Algo) Reporting Net Sales with Credit Sales, Sales Discounts, Sales Returns, and Credit Card Sales The following transactions were selected from among those completed by Bennett Retailers in November and December: Nov. 20 Sold 20 items of merchandise to Customer B at an invoice price of $6,000 (total); terms 3/10, n/30. Nov. 25 Sold two items of merchandise to Customer C, who charged the $400 (total) sales price on her Visa credit card. Visa charges Bennett Retailers a 3...
Common-size and trend percentages for a company’s net sales, cost of goods sold, and expenses follow:...
Common-size and trend percentages for a company’s net sales, cost of goods sold, and expenses follow: Common-Size Percentages Trend Percentages 2017 2016 2015 2017 2016 2015   Net sales 100.0 % 100.0 % 100.0 % 108.1 % 106.5 % 100.0 %   Cost of goods sold 57.9 54.8 51.6 115.9 112.0 100.0   Expenses 24.1 21.9 22.4 111.9 104.8 100.0 Required: a. Calculate the profit percentage for 2015, 2016 and 2017. (Round the final answers to 2 decimal places.)    Profit Percentage 2015...
The Card Shoppe needs to maintain 21 percent of its sales in net working capital. Currently,...
The Card Shoppe needs to maintain 21 percent of its sales in net working capital. Currently, the store is considering a four-year project that will increase sales from its current level of $349,000 in year 0 to $408,000 in year 1 and to $414,000 per year for the following three years of the project. What amount should be included in the project analysis when you calculate the cash flow for net working capital in year 4 of the project? *...
Annual net profits at a facility are shown in the table below. Total capital for the...
Annual net profits at a facility are shown in the table below. Total capital for the facility investment is known to be $ 140 000. Linear as the depreciation method in profitability calculations depreciation will be accepted. Interest type compound interest and cash flows are separated. It indicated. In case the minimum acceptable turning speed is 15%, a) Net return method, b) Investigate whether the investment is profitable using the net present value method. Years Net profits, $ / year...
"The FIN340 Company has a net profit margin of 8.75% on annual sales of $86,500,000 and...
"The FIN340 Company has a net profit margin of 8.75% on annual sales of $86,500,000 and the firm has 980,000 shares outstanding. If the firm's P/E ratio is 7.2, how much is the stock currently selling for?"
Refer to the December 2019 Annual Report of Chevron below. Using the information below Note: "Net...
Refer to the December 2019 Annual Report of Chevron below. Using the information below Note: "Net before-tax gains on asset sales and investments" include gains/losses from investment sales including marketable securities. What is the net book value of Chevron's property and equipment on December 31, 2019? At December 31      2019    and 2018 Total Current Assets                                                                         28,329                     34,021               Long-term receivables, net                                                             1,511                     1,942      Investments and advances                                                             38,688                  35,546       Properties, plant and equipment,...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT