Q 5: Al Matra LLC has recently hired Mr. Musah, a professional market researcher. Mr. Musah is interested to find out relationship between cost incurred and revenue earned by the company. He collected the data of last 7 years from the accounts department, but he is confused about the method which can find out the relationship. Revenue Cost Incurred Earned Year (OMR in (OMR in Millions) Millions) 2013 20 2014 10 22 2015 9. 22 2016 7 18 2017 11 20 2018 12 24 2019 10 25 a) Suggest Mr. Musak a suitable method to find out the relationship between cost and revenu cenue. b) Find out the correlation value and give interpretation of the result e) If correlation value is 1.25, discuss the result analytically.

Q 5: Al Matra LLC has recently hired Mr. Musah, a professional market researcher. Mr. Musah is interested to find out relationship between cost incurred and revenue earned by the company. He collected the data of last 7 years from the accounts department, but he is confused about the method which can find out the relationship. Revenue Cost Incurred Earned Year (OMR in (OMR in Millions) Millions) 2013 20 2014 10 22 2015 9. 22 2016 7 18 2017 11 20 2018 12 24 2019 10 25 a) Suggest Mr. Musak a suitable method to find out the relationship between cost and revenu cenue. b) Find out the correlation value and give interpretation of the result e) If correlation value is 1.25, discuss the result analytically.

Name: please use hand calculations Q 5: Al Matra LLC has recently hired Mr.
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Description: please use hand calculations Q 5: Al Matra LLC has recently hired Mr. Musah, a professional market researcher. Mr. Musah isinterested to find out relationship between cost incurred and revenue earned by the company. Hecollected the data of last 7 yea

Algebra & Trigonometry with Analytic Geometry

13th Edition

ISBN:9781133382119

Author:Swokowski

Publisher:Swokowski

Chapter10: Sequences, Series, And Probability

Section10.2: Arithmetic Sequences

Problem 67E

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