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5 me.& IOurs, 40 minutes, 18 seconds. Question Completion Status: a QUESTION 4 The manager of a seafood restaurant was asked to establish a pricing policy on lobster dinners. The manager intends to use the pricing S/LB to predict the lobster sales on each day. The pertinent historical data are collected as shown in the table. Anaswer the following questions. Day Lobster Sold/day Price ($/lb.) 1 166 6.5 2 163 6.5 3 165 6.6 4 188 7.5 175 7.6 6 191 7.6 7 185 7.6 a) x- independent variable. According this problem, the x b)ris the coeefficient of correlation. Use the r equation to compute the value of the denominator part of the equation. The value for the r (in 4 decimal places) denominator c) According to this problem, the correlation of coefficient, r, between the two most pertinent variables is- (in 4 decimal places). Save Al A Click Save and Submit to save and submit. Click Save All Ansoers to save all answers. 55 o search II UR Web App /bbleam.aum.edu/webapps/assessment/take/launchjsp?course assessment id 92418 18course id- 33200 180ontent id- 1763878 18stepanull Remaining Time: 2 hours, 20 minutes, 04 seconds. Question Completion Status 7 185 7.6 a)x independent variable. According to this problem, the Sx b)ris the coeefficient of correlation. Use the r equation to compute the value of the denominator part of the equation. The value for ther denominator (in 4 decimal places) c) According to this problem, the correlation of coefficient, r, between the two most pertinent variables is = (in 4 decimal places). d) According to the instructor's lecture, the correlation strength between any two variables can be described as Strong.weak, or no correlation. correlation. The correlation strength for this problem can be described as e) According to the instructor's lecture, the correlation direction between any two variables can be described as direct or indirect relationship. The correlation direction for this problem can be described as relationship. f) Regardless, you were told to use the Associative Forecasting method to predict the expected lobster sale. If the lobster price $8.58, the (round to the next whole #). expected #s of lobster sold Seve Al Ane Click Save and Submit to save and submit, Chick Save All Answers to save all answers e 55 question Completion Status: QUESTION 4 The manager of a seafood restaurant was asked to establish a pricing policy S/LB to predict the lobster sales on each day. The pertinent historical data are collected as shown in the table. Anaswer the following questions. on lobster dinners. The manager intends to use the pricing Day Lobster Sold/day Price (S/lb.) 166 6.5 2 163 6.5 3 165 6.6 4 188 7.5 175 7.6 6 191 7.6 185 7.6 a) x independent variable. According to this problem, the Ex- b)ris the coeefficient of correlation. Use the r equation to compute the (in 4 decimal places) value of the denominator part of the equation. The value for the r denominator- c) According to this problem, the correlation of coefficient, r, between the two most pertinent variables is- (in 4 decimal places). Save All Answ Click Save and Submit to save and submit. Click Save All Ansuers to save all answers to search HEWLE TPACKARD Remaining Time: 1 hour, 59 minutes, 29 seconds. Question Completion Status: エフェ 7 185 7.6 a) x independent variable. According to this problem, the Ex- b) ris the coeefficient of correlation. Use the r equation to compute the value of the denominator part of the equation. The value for the r denominator (in 4 decimal places) c) According to this problem, the correlation of coefficient, r, between the two most pertinent variables is (in 4 decimal places). d) According to the instructor's lecture, the correlation strength between any two variables can be described as Strong. weak, or no correlation. The correlation strength for this problem can be described as correlation. e) According to the instructor's lecture, the correlation direction between any two variables can be described as direct or indirect relationship. relationship. The correlation direction for this problem can be described as f) Regardless, you were told to use the Associative Forecasting method to predict the expected lobster sale. If the lobster price-$8.58, the (round to the next whole #). expected #s of lobster sold Save All Answs Click Save and Submit to save and submit. Click Save All Ansuers to save all answers 55 search

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Decision Support and Business Intelligence Systems ISBN: 9780132453233 Turban, E., Sharda, R. and Delen, D., Pearson/Pren2ce Hall 9th ed. 2011 Please see the Question pdf file (” You can find it in the book in Chapter 9 , Question 10 ” It help you to answer this question. CLICK HERE TO GET MORE ON THIS PAPER !!!

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