Categorical and the numerical variables.

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Answer 1

Question

Chapter 1.2, Problem 2E

(a)

To determine

Categorical and the numerical variables.

(b)

To determine

Categorical and the numerical variables in scaling the satisfaction.

(c)

To determine

Categorical and the numerical variables in calculating the cost of purchases.

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Macmillan Learning Consider the CEO of a company that sells coffee at small free standing shops around the country. The Board of Directors is considering increasing the number of locations in an effort to increase total revenue, ceteris paribus. Use the data to determine if revenue is responsive to the number of locations. Use the midpoint method to calculate percentages. Number of locations Total revenue Calculate the percentage change in locations. 2012 3000 $60 million Calculate the percentage change in total revenue. Based on the CEO's analysis, he reports to the Board that total revenue is inelastic with respect to the number of locations. total revenue is unit elastic with respect to the number of locations. total revenue is elastic with respect to the number of locations. 2013 3750 $75 million percentage change in total revenue: percentage change in locations: % %

Answer 2

Question

Chapter 1.2, Problem 2E

(a)

To determine

Categorical and the numerical variables.

(b)

To determine

Categorical and the numerical variables in scaling the satisfaction.

(c)

To determine

Categorical and the numerical variables in calculating the cost of purchases.

Expert Solution & Answer

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Answer 3

Question

Chapter 1.2, Problem 2E

(a)

To determine

Categorical and the numerical variables.

(b)

To determine

Categorical and the numerical variables in scaling the satisfaction.

(c)

To determine

Categorical and the numerical variables in calculating the cost of purchases.

Expert Solution & Answer

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Answer 4

Question

Chapter 1.2, Problem 2E

(a)

To determine

Categorical and the numerical variables.

(b)

To determine

Categorical and the numerical variables in scaling the satisfaction.

(c)

To determine

Categorical and the numerical variables in calculating the cost of purchases.

Expert Solution & Answer

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Answer 5

Chapter 1.2, Problem 2E

(a)

To determine

Categorical and the numerical variables.

(b)

To determine

Categorical and the numerical variables in scaling the satisfaction.

(c)

To determine

Categorical and the numerical variables in calculating the cost of purchases.

Answer 6

Chapter 1.2, Problem 2E

(a)

To determine

Categorical and the numerical variables.

Answer 7

Chapter 1.2, Problem 2E

(a)

To determine

Categorical and the numerical variables.

Answer 8

(b)

To determine

Categorical and the numerical variables in scaling the satisfaction.

Answer 9

(b)

To determine

Categorical and the numerical variables in scaling the satisfaction.

Answer 10

(c)

To determine

Categorical and the numerical variables in calculating the cost of purchases.

Answer 11

(c)

To determine

Categorical and the numerical variables in calculating the cost of purchases.

Answer 12

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Answer 13

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Answer 14

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Answer 15

Ch. 1.2 - Prob. 1E Ch. 1.2 - Prob. 2E Ch. 1.2 - Prob. 3E Ch. 1.2 - Prob. 4E Ch. 1.2 - Prob. 5E Ch. 1.2 - Prob. 6E Ch. 1.2 - Prob. 7E Ch. 1.2 - Prob. 8E Ch. 1.3 - Prob. 9E Ch. 1.3 - Prob. 10E

Categorical and the numerical variables.

Solution Summary: The author explains the use of categorical and numerical variables in the survey.

Categorical and the numerical variables.

Categorical and the numerical variables in scaling the satisfaction.

Categorical and the numerical variables in calculating the cost of purchases.

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Chapter 1 Solutions