\$20 Bonus + 25% OFF

# HI6007 Statics For Business Decisions

0 Download4 Pages / 930 Words Add in library Click this icon and make it bookmark in your library to refer it later. GOT IT

## Question:

Missy Walters owns a mail-order business specializing in clothing, linens, and furniture for children. She is considering offering her customers a discount on shipping charges for furniture based on the dollar-amount of the furniture order. Before Missy decides the discount policy, she needs a better understanding of the dollar-amount distribution of the furniture orders she receives. Missy had an assistant randomly select 50 recent orders that included furniture. The assistant recorded the value, to the nearest dollar, of the furniture portion of each order. The data collected is listed below (data set also provided in accompanying MS Excel file). 136 281 226 123 178 445 231 389 196 175 211 162 212 241 182 290 434 167 246 338 194 242 368 258 323 196 183 209 198 212 277 348 173 409 264 237 490 222 472 248 231 154 166 214 311 141 159 362 189 260 a. Prepare a frequency distribution, relative frequency distribution, and percent frequency distribution for the data set using a class width of \$50. (3 marks)

b. Construct a histogram showing the percent frequency distribution of the furnitureorder values in the sample. Comment on the shape of the distribution. (3 marks) c. Given the shape of the distribution in part b, what measure of location would be most appropriate for this data set? (2 marks) HI6007 T12018 Group Assignment Page 2 Question 2 6 marks Shown below is a portion of a computer output for a regression analysis relating Y (demand) and X (unit price). ANOVA df SS Regression 1 5048.818 Residual 46 3132.661 Total 47 8181.479 Coefficients Standard Error Intercept 80.390 3.102 X -2.137 0.248

a. Determine whether or not demand and unit price are related. Use α = 0.05. (2 marks)
b. Compute the coefficient of determination and fully interpret its meaning. Be very specific. (2 marks)
c. Compute the coefficient of correlation and explain the relationship between demand and unit price. (2 marks)

Question 3 6 marks The following are the results from a completely randomized design consisting of 3 treatments. Source of Variation Sum of Squares Degrees of Freedom Mean Square F Between Treatments 390.58 Within Treatments (Error) 158.40 Total 548.98 23 Using α = .05, test to see if there is a significant difference among the means of the three populations. The sample sizes for the three treatments are equal. HI6007 T12018 Group Assignment Page 3 Question 4 10 marks In order to determine whether or not the number of mobile phones sold per day (y) is related to price (x1 in \$1,000), and the number of advertising spots (x2), data were gathered for 7 days.

Part of the Excel output is shown below. ANOVA df SS MS F Regression 40.700 Residual 1.016 Coefficients Standard Error Intercept 0.8051 x1 0.4977 0.4617 x2 0.4733 0.0387 a. a. Develop an estimated regression equation relating y to x1 and x2. (2 marks) b. At α = 0.05, test to determine if the estimated equation developed in Part a represents a significant relationship between all the independent variables and the dependent variable. (2 marks) c. At α = 0.05, test to see if β1 and β2 is significantly different from zero. (2 marks) d. Interpret slope coefficient for X2. (2 marks) e. If the company charges \$20,000 for each phone and uses 10 advertising spots, how many mobile phones would you expect them to sell in a day? (2 marks

### Cite This Work

[Accessed 25 November 2020].

My Assignment Help. Statics For Business Decisions [Internet]. My Assignment Help. 2020 [cited 25 November 2020]. Available from: https://myassignmenthelp.com/free-samples/hi6007-statics-for-business-decisions/mail-order-business.html.

#### ACC2006 Company Law

• Course Code: ACC2006
• University: Australian Institute Of Higher Education
• Country: Australia

Answer: What is Corporate Culture? From small scale organisations to big companies, every company has a culture. The culture stands for the value, approaches and attitudes of the personnel of the company. The corporate culture directs the staff how to feel, think and perform functions in the company. The corporate culture signifies the different and exclusive personality of the organization. It express the core values, principals, standards a...

#### HI6007 Statics For Business Decisions

Answer: The required frequency distribution, relative frequency distribution, and percent frequency distribution is calculated in Excel, the calculated values is, The maximum number of peaks goes to the left side and a log tail to the right side, so data in sample is positively skewed. As, the data is positively skewed so the outliers belongs to the dataset. Thus, in this case the middle vale of the data (Median) will be the most a...

• Course Code: BLO1105
• University: Victoria University
• Country: Australia

Answers: Insolvency 1. The issue in this case is if Claude, Jackie and Allison can pay dividend when the company was nearing insolvency. Similarly, if the liquidator can recover the Mercedes and \$50,000 transferred by Claude? In this regard, the law provides that in case of the insolvency of a company, the director of the company is required to consider the interests of the creditors. For this purpose, the directors should help the admin...

#### M34C12 International Trade And Economic Law

• Course Code: M34C12
• University: University Of Sunderland
• Country: United Kingdom

Answer: Introduction The following content is with the context of a hypothetical shipping Company Marine Groups Limited which does its business through the waterways is more focussed on implementing the various strategies as well the application of the law of trade with respect to the module of scenarios regarding the import and exports along with the procurement of the demonstration of the working practise of the law of trade. The law of tra...

#### ACC106 Business Scenario And Instructions

• Course Code: ACC106
• University: Charles Darwin University
• Country: Australia

Answer: Chart of Accounts                                Account Name Account Type Usual Balance Account Type                               Cash at Bank Asset Debit Current Asset               &nbs...

Next

### Save Time & improve Grade

Just share requirement and get customized Solution.

Orders

Overall Rating

Experts

### Our Amazing Features

#### On Time Delivery

Our writers make sure that all orders are submitted, prior to the deadline.

#### Plagiarism Free Work

Using reliable plagiarism detection software, Turnitin.com.We only provide customized 100 percent original papers.

#### 24 X 7 Live Help

Feel free to contact our assignment writing services any time via phone, email or live chat. If you are unable to calculate word count online, ask our customer executives.

#### Services For All Subjects

Our writers can provide you professional writing assistance on any subject at any level.

#### Best Price Guarantee

Our best price guarantee ensures that the features we offer cannot be matched by any of the competitors.

### Our Experts

5/5

2279 Order Completed

97% Response Time

### Zachary Perez

#### Washington, United States

4/5

248 Order Completed

100% Response Time

### Lloyd Bernabe

#### London, United Kingdom

5/5

184 Order Completed

96% Response Time

### Arapera Billing

#### Wellington, New Zealand

5/5

453 Order Completed

98% Response Time

### FREE Tools

#### Plagiarism Checker

Get all your documents checked for plagiarism or duplicacy with us.

#### Essay Typer

Get different kinds of essays typed in minutes with clicks.

#### Chemical Equation Balancer

Balance any chemical equation in minutes just by entering the formula.

#### Word Counter & Page Calculator

Calculate the number of words and number of pages of all your academic documents.

## Refer Just 5 Friends to Earn More than \$2000

1

1

1

### Live Review

Our Mission Client Satisfaction

Can i come back and share my grade as i\'m about to submit but im very pleased with your work thank you very much

#### User Id: 552971 - 25 Nov 2020

Australia

it was really helpful. i got my asssignment on time even before the deadline.it was written really well i am glad that I came to Myassignmenthelp.

#### User Id: 401534 - 24 Nov 2020

Australia

very professional i got it before the due time i set, the sheet that was sent to me was very neat and very well done.

#### User Id: 551988 - 23 Nov 2020

Australia

Great work! Really appreciate the help and efficiency. Very well organized. Thank you for your help.

Australia