# HI6007 Statistics And Research Methods

• Course Code: HI6007
• University: Holmes Institute
• Country: Australia

## Question:

The data for Task 1 in the data file for Assignment represents the starting costs in thousands of dollars) for different kind of business.

1. 1.  Findmean, median, mode, range, variance and standard deviation separately for every type of business
2. 2.  For everybusiness type construct
3.    frequencyandrelative frequency distributions starting from class 0 to 30
4. b.  arelative  frequency histogram
5. 3.  Discussthe results obtained in parts 1 and 2
6. 4.  Testif there significant difference in the starting costs for these types of business.

The data for Task 2 in the data file for Assignment represents the following variables for franchisees of All Greens Pty Ltd: annual sales (\$’000), the floor area (sq.ft.’000), inventory (\$’000), advertising expenditure (\$’000), the size of the area where the business operates (number of families, ‘000) and the number of competitors in the area.

1. 1.  Present theMS Excel output and write down the estimated regression equation
2. 2.  Howwell the model fits the data
3. 3.  Testthe hypothesis that there is no significant relationship between the dependent and any of the independent variables
4. 4.  Interpretindividual slope coefficients
5. 5.  Constructa 95% confidence interval for the slope coefficients of individual variables
6. 6.  Testthe estimated slope coefficients for individual variables for significance
7. 7.  Removeall insignificant variables and re-estimate the model
8. 8.  Usingthe model from part (g), predict annual sales for a franchisee with 1,000 sq ft floor area, \$150,000 inventory, \$5,000 spent on advertising, 5,000 families in the area of operation and 2 competiton.

### Cite This Work

My Assignment Help (2021) Statistics And Research Methods [Online]. Available from: https://myassignmenthelp.com/free-samples/hi6007-statistics-and-research-methods/business-operates.html
[Accessed 07 December 2022].

My Assignment Help. 'Statistics And Research Methods' (My Assignment Help, 2021) <https://myassignmenthelp.com/free-samples/hi6007-statistics-and-research-methods/business-operates.html> accessed 07 December 2022.

My Assignment Help. Statistics And Research Methods [Internet]. My Assignment Help. 2021 [cited 07 December 2022]. Available from: https://myassignmenthelp.com/free-samples/hi6007-statistics-and-research-methods/business-operates.html.

## Stuck on Any Question

250 words

### We Can Help!

Get top notch assistance from our best tutors !

### Content Removal Request

If you are the original writer of this content and no longer wish to have your work published on Myassignmenthelp.com then please raise the content removal request.

## 5% Cashback

On APP - grab it while it lasts!