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Mss 202 Practice 19-20

This document provides sales, advertising, consumption, income, price, and quantity data for several companies and products over multiple time periods. It asks the reader to analyze the relationships between these variables using statistical techniques like correlation, regression, and determining intercept and slope from the data in order to develop consumption, sales, and price functions.

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fayinminu oluwaniyi
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58 views2 pages

Mss 202 Practice 19-20

This document provides sales, advertising, consumption, income, price, and quantity data for several companies and products over multiple time periods. It asks the reader to analyze the relationships between these variables using statistical techniques like correlation, regression, and determining intercept and slope from the data in order to develop consumption, sales, and price functions.

Uploaded by

fayinminu oluwaniyi
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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The following data has been obtained for fountain venture on sales and advertising

expenditures.

Sales (N) 6,00 10,00 5,00 10,00 7,00 9,00 5,00 8,00 12,00 4,000
0 0 0 0 0 0 0 0 0
Advertisin 1,00 3,000 1,50 4,500 2,50 4,00 2,00 3,50 5,000 500
g (N) 0 0 0 0 0 0

Required: If sales is a function of advertising, find

a) The intercept
b) The slope

Find the correlation given the function W =f ( A , S )

Weekly (W) 50 32 40 33 45 13
Age (A) 3 12 5 7 8 19
Size (S) 6 7 5 6 10 4

Given a consumption function as C t=f ( Y t , ) and the following data about this variables are

C t=consumption per time

Y t =income per time

Ct 72.4 80.7 95.2 100.8 150.9 180.7


Yt 140 190 220 240 320 300
Find the correlation between consumption and income

Use the data in the following table below on prices and quantities of oranges sold in Fountain
Mall on 10 consecutive days.

Qty 55 70 90 100 90 100 80 100 60 60 56 50


Price (N) 100 90 80 70 70 70 70 65 125 11 125 130
5
If quantity is a function of price, find the relationship between qty and price

Define the following

a) Correlation
b) Multiple Regression
Regression analysis is a set of statistical methods used or the estimation of relationships
between dependent variables and one or more independent variables. State 5 properties of
regression analysis.

Use the data in the following table below on prices and quantities of oranges sold in Fountain
Mall on 7 consecutive days.

Qty 55 70 90 100 90 100 80


Price (N) 100 90 80 70 70 70 70
If quantity is a function of price, find correlation between qty and price

Given a consumption function as C t=f ( Y t ) and the following data about this variables are

C t=consumption per time

Y =income per time

Ct 72.4 80.7 95.2 100.8 150.9 180.7


Yt 140 190 220 240 320 300
If consumption is a function of income, find

a) The intercept
b) The slope
c) Draw up the function

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