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- A 2012 suvey conducted by Idea Works provided data showing the percentage of seats avail- able when customers try to redeem points or miles for free travel. For each airline listed, the column labeled 2011 Percentage shows the percentage of seats available in 2011 and the column labeled 2012 shows the correponding percentage in 2012 (The Wall street Journal, May 17, 2012). Develop a scatter diagram with 2011 Percentage as the independent variable. What does the scatter diagram developed in part (a) indicate about the relationship between the two variables? Develop the estimated regression equation. Test for a significant relationship. Use α = 0.05. Did the estimated regression equation provide a good fit?well-known multinational FMCG produces more than fifty products and sells them in the market. Out of fifty products one is mineral water for drinking purpose and supplies different size pack bottles in the market. Product manager observed that, during hot days the sale of water is more as compared to the normal days. He started the collection of data of weekly sale of water and the average weekly temperature. Product manager was interested in developing a relationship between sales and temperature; therefore, he discussed and shared the following data with you. sales 75 77 69 63 79 80 77 70 73 87 72 73 80 80 69 84 77 72 74 81 temperature 32 36 31 31 34 29 32 35 28 31 30 31 29 35 36 28 32 33 32 33 Sale is in thousand liters and temperature is in degree Celsius. Data is Normally distributed You are required to determine the following information for some concrete decision: Determine the…A well-known multinational FMCG produces more than fifty products and sells them in themarket. Out of fifty products one is mineral water for drinking purpose and supplies differentsize pack bottles in the market. Product manager observed that, during hot days the sale of wateris more as compared to the normal days. He started the collection of data of weekly sale of waterand the average weekly temperature.Product manager was interested in developing a relationship between sales and temperature;therefore, he discussed and shared the following data with you. sales 7577696379807770738772738080698477727481 temperature 3236313134293235283130312935362832333233 Sale is in thousand liters and temperature is in degree Celsius. Data is Normally distributedYou are required to determine the following information for some concrete decision: a. Determine the statistical relationship between temperature and sale of water andinterpret.b. How much change in sales if the temperature…
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- A well-known multinational FMCG produces more than fifty products and sells them in the market. Out of fifty products one is mineral water for drinking purpose and supplies different size pack bottles in the market. Product manager observed that, during hot days the sale of water is more as compared to the normal days. He started the collection of data of weekly sale of water and the average weekly temperature. Product manager was interested in developing a relationship between sales and temperature; therefore, he discussed and shared the following data with you. sales 75 77 69 63 79 80 77 70 73 87 72 73 80 80 69 84 77 72 74 81 temperature 32 36 31 31 34 29 32 35 28 31 30 31 29 35 36 28 32 33 32 33 Sale is in thousand liters and temperature is in degree Celsius. Data is Normally distributed You are required to determine the following information for some concrete decision: Determine the…A well-known multinational FMCG produces more than fifty products and sells them in the market. Out of fifty products one is mineral water for drinking purpose and supplies different size pack bottles in the market. Product manager observed that, during hot days the sale of water is more as compared to the normal days. He started the collection of data of weekly sale of water and the average weekly temperature.Product manager was interested in developing a relationship between sales and temperature; therefore, he discussed and shared the following data with you. sales 75 77 69 63 79 80 77 70 73 87 72 73 80 80 69 84 77 72 74 81temperature 32 36 31 31 34 29 32 35 28 31 30 31 29 35 36 28 32 33 32 33 Sale is in thousand liters and temperature is in degree Celsius. Data is Normally distributed You are required to determine the following information for some concrete decision:a. Determine the statistical relationship between temperature and sale of water and interpret. b. How much change in…
