Question

In: Statistics and Probability

This Question has 6 parts a) to f): Answer all of them below: Penn State Marketing...

This Question has 6 parts a) to f): Answer all of them below:

Penn State Marketing and Branding Office is interested in understanding more about alumni’s donation behavior, and the director Tom invited you to analyze a data set of 1,000 donors in the year 2016. There are several variables in the data

Y_i Amount of donations in dollars donor i made in the year 2016.

MC_i: The cost of all marketing communications in dollars donor i received in the year 2016.

R_i: How recent (in years) has donor i made a donation? e.g. RC_i = 5 means donor i’s last donation is five years ago (Recency).

F_i: How frequently does donor i make donations in the past 10 years? e.g. FQ_i = 0.5 means donor i makes five donations in the past 10 years.

M_i: How much donations ($) does donor i make on average in the past 10 years?

Tom built the following regression model

Y_i=β_0+β_1 MC_i+β_2 R_i+β_3 F_i+β_4 M_i+ϵ_i,

and Table below summarizes the estimated regression model from SPSS,

a) What does the coefficient estimate 1.702 mean (in the MC row)?

b) Based on the output, is the impact of marketing communications statistically significant?

Tom added a new variable “State_i” into the regression model

Y_i=β_0+β_1 MC_i+β_2 R_i+β_3 F_i+β_4 M_i+β_5 State_i+ϵ_i,

and Table below summarizes the estimated regression model from SPSS. State_i = 1 when the donor is from Pennsylvania and State_i = 0 when the donor is not from Pennsylvania.

c) What does the coefficient estimate -11.636 mean (in the State row)?

d) Tom said

“Since Penn State is located in Pennsylvania, we should spend more resources targeting those donors who are from Pennsylvania.”

Do you agree or disagree with Tom’s decision? Use evidence from the output to support your claim.

Tom added a variable “GradYear_i” into the regression model

Y_i=β_0+β_1 MC_i+β_2 R_i+β_3 F_i+β_4 M_i+β_5 State_i+β_6 GradYear_(1999_i )+β_7 GradYear_20〖00〗_i+ϵ_i

and Table below summarizes the estimated regression model from SPSS. Here, all donors graduated either from year 1998, 1999 or 2000 and GradYear 1998 is used as the baseline.

e) What does the coefficient estimate -13.862 mean (in the GradYear_1999 row)?

f) What does the coefficient estimate 19.433 mean? (in the Constant row)

Expert Solution

Solution:

orchestra answered 1 year ago

This Question has 6 parts a) to f): Answer all of them below: A local wine...

This Question has 6 parts a) to f): Answer all of them below: A local wine manufacturer in Pennsylvania has designed a new package for its existing product and wants to test its effectiveness using a field experiment. The manufacturer knows that for the old package, the average sales per day in State College is $4,000 and the average sales per day in Lancaster is $6,000. The manufacturer launched field experiments in wine shops at two areas: State College and...

URGENT! 14-22 Each Question has 4-6 parts, please answer all of them. -Which of the following...

URGENT! 14-22 Each Question has 4-6 parts, please answer all of them. -Which of the following is most closely related to the repeal of the McFadden Act? Gramm-Leach-Bliley Act Riegle-Neal Act Federal Reserve Act Bretton-Woods Agreement Legal Tender Act -Which of the following is most closely related to the repeal of the Glass-Steagall Act? Federal Reserve Act Riegle-Neal Act Legal Tender Act Gramm-Leach-Bliley Act Bretton-Woods Agreement -Which U.S. President ended U.S. involvement in the Bretton-Woods Agreement by “closing the gold...

URGENT! 37-42 Each Question has 4-6 parts, please answer all of them. -Which of the following...

URGENT! 37-42 Each Question has 4-6 parts, please answer all of them. -Which of the following Treasury securities ranges from 1 to 10 years to maturity? Sleeping Beauty Bonds Treasury Bonds Treasury Notes Treasury Bills -Which of the following Treasury securities matures within 1 year? Treasury Notes Treasury Bills Treasury Bonds Sleeping Beauty Bonds - Who OR what rescued the U.S. bank system during the “Bank Panic of 1908”? J.P. Morgan the Federal Reserve President Woodrow Wilson the Resolution Trust...

Please answer all the parts of this question Please answer all the parts of this question...

Please answer all the parts of this question Please answer all the parts of this question Question: a) Where is the flow accelerating in the control volume? b) Will the pressure be greater or less than hydrostatic in a region of accelerating flow? c) Is the hydrostatic estimate of force on the gate; larger, smaller, or the same, as that obtained from the Momentum Equation? Explain. d) Where does the change in flow momentum go in this control volume? Explain.

Please answer the following marketing question- please answer all parts. other answers are wrong !!! will...

Please answer the following marketing question- please answer all parts. other answers are wrong !!! will rate. thank you Ethics: The Internet of Things refers to the increased proliferation of devices that are connected to the Internet and that in turn can be connected to each other. Although there are a number of benefits to this level of connectivity for both society and businesses, there are also a number of risks and ethical issues. What are some of the risks...

this as a whole question 1, answer all parts please a)Show that the derivative of f(x)...

this as a whole question 1, answer all parts please a)Show that the derivative of f(x) = 6+4x^2 is f(x)'=8x by using the definition of the derivative as the limit of a difference quotient. b)If the area A = s^2 of an expanding square is increasing at the constant rate of 4 square inches per second, how fast is the length s of the sides increasing when the area is 16 square inches? c)Find the intervals where the graph of...

Please answer all questions in Macroeconomics below, and answer them in detail and precisely. Question 5...

Please answer all questions in Macroeconomics below, and answer them in detail and precisely. Question 5 (Word limit 500 words) The world economy, in the last few months, has started to slow down due to many factors, such as trade wars, uncertainty over Brexit, and general slowdown in other economic activity. Assuming an economy starts initially at the full employment equilibrium, discuss (with the aid of aggregate output market and money market diagrams) the short run effect of a decrease...

6. Answer all parts (a) – (c) of this question. [5 marks] Define the trade balance...

6. Answer all parts (a) – (c) of this question. [5 marks] Define the trade balance for an open economy and explain the relationship between the trade balance and the real exchange rate. [8 marks] Consider a small open economy with perfect capital mobility. Describe the main features of the Mundell-Fleming model for such an economy and provide a graphical representation of its equilibrium. [12 marks] Using diagrams to illustrate your answer analyse the effectiveness of monetary and fiscal policy...

Answer all questions below. It is a whole question with multiple parts. Profit Forecasting: A company...

Answer all questions below. It is a whole question with multiple parts. Profit Forecasting: A company is interested in predicting profit for a number of projects based on two explanatory variables: a measure of risk assigned at the outset of the project (x1 = RISK) and the expenditure on research and development for the project (x2 = RD). Data on the three variables PROFIT, RISK, and RD are available in the worksheet entitled RD5. PROFIT is measured in thousands of...

Research question: In the population of all Penn State students, are more than 80% enrolled full-time?...

Research question: In the population of all Penn State students, are more than 80% enrolled full-time? In this question set you will be using StatKey to conduct randomization tests for a single proportion. These data are not built in to StatKey, so you will need to “Edit data” to enter in the sample counts. Please show screenshots and work. B. Using the five steps from the online notes, conduct a randomization test given that 350 students in a sample of...