Professional Documents
Culture Documents
Assignment 1
Assignment 1
Assignment 1
Problem 1: Barry Bonds of the San Francisco Giants established the single-season Major
League Baseball home run record by hitting 50 home runs during the 2001 season. Listed below
is the sorted distance of each of the 50 home runs. [30]
320 320 347 350 360 360 360 361 365 370 370 375 375 375 375 380 380 380 380 380
380 390 390 391 394 396 400 400 400 400 405 410 410 410 410 410 410 410 410 410
410 410 411 415 415 416 417 417 420 420
Problem 2: Alexandra Damonte will be building a new resort in Myrtle Beach, South Carolina.
She must decide how to design the resort based on the type of activities that the resort will offer
to its customers. A recent poll of 300 potential customers showed the following results about
customers’ preferences for planned resort activities: [10]
Problem 4: The percent increase in sales for the last 4 years at Combs Cosmetics were 4.91,
5.75, 8.12, and 21.60. [5]
(a) Find the geometric mean percent increase.
(b) Find the arithmetic mean percent increase.
(c) Is the arithmetic mean equal to or greater than the geometric mean?
Problem 5: Estimate the mean, the standard deviation and the coefficient of variation of the
following frequency distribution showing the ages of the first 60 people in line on Black Friday
at a retail store. [10]
Class Frequency
20 up to 30 7
30 up to 40 12
40 up to 50 21
50 up to 60 18
60 up to 70 12
Problem 6: Ten young adults living in California rated the taste of a newly developed sushi
pizza topped with tuna, rice, and kelp on a scale of 1 to 50, with 1 indicating they did not like
the taste and 50 that they did. The ratings were:
34 39 40 46 33 31 34 14 15 45
In a parallel study, 10 young adults in Iowa rated the taste of the same pizza. The ratings were:
28 25 35 16 25 29 24 26 17 20
As a market researcher, compare the potential for sushi pizza in the two markets. [5]
Months 1 2 3 4 5 6 7 8 9 10 11 12
Advertising 5 7 8 10 12 15 17 18 20 22 25 28
Expenditure (in
$1000s)
Sales Revenue 20 22 25 28 32 35 38 40 42 45 48 52
(in $1000s)
a) Calculate the correlation coefficient between advertising expenditure and sales revenue.
Interpret the correlation coefficient.
b) Conduct a linear regression analysis to determine the relationship between advertising
expenditure (independent variable) and sales revenue (dependent variable). Provide the
regression equation.
c) Interpret the slope and intercept of the regression equation.
d) Predict the expected sales revenue if the company plans to increase the advertising
expenditure to $30,000.