The R^2=86.52%, while R=0.80. From the Analysis of Variance, we saw the P Value= 0.000 the F Value= 85.6452. When we tested with the significance level of 5% we concluded the P value was less than, therefore we concluded to reject the null hypothesis for this level. We also performed the 95% Confidence level to be ($0.009and $0.015) for B1. In addition, we can estimated that a customer with a $4000 credit balance to have an income in between (41.7665, 46.6130) in $1000 using the 95% CI confidence levels to calculate the income level.
Crystal Choy Mktg 129 Spring 2015 Case Analysis #1 Autobytel.com Class Analysis The traditional car buying process is that customers will go into a dealership and then the car salesperson and the buyer would be negotiating face-to-face when it comes to purchasing a car. Autobytel took a different approach when it came to selling cars compared to the traditional buying process by offering a website where potential consumers would shop for the automobile online. What is different about this website is that consumers are able to access information about the cars and the prices compared to all the dealerships around the area. Autobytel.com used to be the top of the online referral business in the market. This website was the first online service provided for buyers to shop for cars online so that they do not have to deal with the problems and hassles that arises that traditional buyers would usually deal with when they are at the dealership.
This ratio shows that the average collection period in the year was approximately 24 days. This would indicate the effectiveness of Huffman’s collection policies promote rapid repayment. The calculations computed to determine these liquidity ratios of financial information are key components in examining Huffman’s ability to pay off short term debt. This information is necessary in deciding whether it is worth the risk to remain as a creditor of investor of this company. In the case of Huffman Trucking, these ratios impact their customer base, including their contracts with the United States Government and various automotive parts suppliers.
ECMT 1010 Economics and Business Statistics A Assignment 1, 2010 Question 1: (a) Prepare a table showing relevant summary statistics for the fuel efficiency of all vehicles. Briefly discuss the relevant aspects of your findings. Table 1: Both Auto and Manual Models Fuel Efficiency (L/100km) Mean 7.632657498 Standard Error 0.170608732 Median 7.709114704 Mode 8 Standard Deviation 1.525970889 Sample Variance 2.328587155 Kurtosis -0.451538264 Skewness -0.001472956 Range 6.78524281 Minimum 4.71475719 Maximum 11.5 Sum 610.6125998 Count 80 As it can be seen in table 1, the mean of the fuel efficiency for auto and manual cars is 7.63 L/100km. The fuel efficiency for all cars can range between a minimum value of 4.71 L/100km and a maximum value of 11.50
b. The true population proportion of customers who live in an urban area exceeds 40% c. The average (mean) number of years lived in the current home is less than 13 years d. The average (mean) credit balance for suburban customers is more than $4300 I have been assigned to analyze the speculated data listed above by performing hypothesis test for each of the above situations (using the Seven elements of a Test Hypothesis with a=.05) in order to see if there is evidence to support my manager’s beliefs in each case (a-d), explain my conclusion in simple terms, compute the p-value with the interpretation, follow up with computing 95% confidence intervals for each of the variables described in a. b. c. d. along with interpreting these intervals. This paper will also include an Appendix with all the steps in hypothesis testing, as well as the confidence intervals and Minitab output In order to understand how hypothesis testing is done it is important that you know the elements of the Test of Hypothesis, and what each step means. The Seven elements of a Test of Hypothesis are: 1. Null
MBA 540 Mid-term Exam 1. (10 pts.) Stella Ann Freeman is having a difficult time deciding whether or not to purchase a new car. How would understanding the concept of opportunity costs help her make a decision? Opportunity cost is the value of a resource for a given purpose and its value in its alternative.
Tom’s Used Mustangs Report Robert Davy GM533 Applied Managerial Statistics GM533 – Course Project February 16, 2011 Executive Summary I was hired to review the information collected by Tom of Tom’s Used Mustangs to determine what features if any affect the sales price of used Mustangs. The results of the tests will be used to more accurately create a competitive sales price for the cars on Tom’s lot, as well as provide assistance in developing a sales price for all future purchases and sales. After performing several statistical tests I have determined that there is evidence certain features do indeed affect the sales price. However, knowing that certain features have an effect on the sales price of the used Mustang, does not necessarily assist in determining what that sales price should be. The sections below will detail the
| | | = | $787,526.87 | Rounded as last step | b)This is not correct. The investor sold the security 39 days later. To calculate the sale price, the maturity value of the Note must be discounted from its maturity date back to the date of sale. The period of the time line that we are interested in is from the maturity date (time 123 days) back to the sale date (time 39 days). Note also that the interest rate we must use is a simple discount rate.
Progressive is perhaps the most visible company and it stands out in the competitive auto insurance industry. People become aware of the company and its campaign due to its frequent advertising presence. Selecting auto insurance can be perceived as a complicated and even stressful process since it can be confusing and time-consuming. However, Progressive’s advertising campaign makes it look simple and easy by presenting it like retail shopping that people would feel comfortable with. Progressive provides quotes of its own insurance policy as well as those of its competitors in its advertising campaign.
Which value(s) can be labeled as parameter(s)? A) 60% B) 67% C) 60% and 67% D) 50 Use this to answer # 18. The Consumers Union measured the gas mileage of 38 cars from the 1978–79 model-year on a test track. The pie chart below provides information about the number of cars from each country in this study by the Consumers Union. [pic] 18.