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BU6015 - Business Analytics

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Based on the results of the hypothesis test conducted to test for Difference in Means to Determine If the Differences Between In-Person and Online Sales Are Statistically Significant, what is the correct decision? Assume that alpha is set at 0.10 and a one-tailed hypothesis test is appropriate.

The table titled t-test: two-sample assuming unequal variances contains 3 columns and 11 rows. The headings of columns 2 and 3 are as follows: online; in-person. The row entries are as follows: row 2 - mean; 40.5534507; 33.64156863. Row 3 - variance; 944.9388908; 610.8137255. Row 4 - observations; 142; 51. Row 5 - hypothesized mean difference; 0; blank. Row 6 - d f; 109; blank. Row 7 - t stat; 1.601310134; blank. Row 8 - P(T=t) one-tail; 0.05610128; blank. Row 9 - t critical one-tail; 1.658953458; blank. Row 10 - P(T=t) two-tail; 0.11220256; blank. Row 11 - t critical two-tail; 1.98196749; blank.

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ANo __________ hypothesis is a hypothesis used in hypothesis testing that is opposite of the null hypothesis, or a potential result that the analyst may expect.

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What is the interquartile range (IQR) for Sales Price in the chart shown below?

The figure shows a box plot. The vertical axis shows the sales price ranging from $0 to $3,000 in increments of $500. The lower whisker has a value of $19.00. The first quartile has a value of $59.00. The median or the second quartile has a value of $149.00. Inside the box above the second quartile the following is entered: X$624.40. The third quartile has a value of $949.00. The upper whisker has a value of $1,799.00. The outlier above the upper whisker has a value of $2,299.00. The outlier and maximum value is $2,599.00.

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Based on this scatterplot visualization from Evaluating the Relationship Between Sales and R&D Expenditures, which would you consider to be the independent variable?

The y axis ranges from 0 to 70000000 and the x axis ranges from 0 to 4000000. A dotted line representing lineat revenues rises from about (1000000, 17500000) to (4000000, 45000000). The dots are concentrated between 1000000 and 3000000 on the x axis and 20000000 and 40000000 on the y axis.

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Based on the box plot created to gain insight about the distribution of a sales data set, what is the median for in-person sales?

The figure shows a box plot for in-person sales. The vertical axis ranges from 0 to 120 in increments of 20 units. The lower whisker has a value of 2.87. The first quartile has a value of 12.52. The median or the second quartile has a value of 26.97. Inside the box the mean value is X33.64156863. The third quartile has a value of 52.52. The upper whisker has a value of 98.42.

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Identify the chart type for the exhibit below.

The figure shows a heat map titled profitability by region and business segment. The table contains 5 columns and 9 rows. The headings of columns 1 to 5 are as follows: region; return; consumer; corporate; home office. Column 1 contains the following from top to bottom: central; blank; east; blank; south; blank; west; blank. Column 2 contains the following from top to bottom: null; yes; null; yes; null; yes; null; yes. Rows 1 to 9 of columns 3 to 5 contain colors related to the following range: negative 4,485 to 42,641.

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Based on the results of the ANOVA test conducted to Test for Difference in Means to Determine If There Are Significant Differences Between the Average 4-Year Degree Completion Rate/SAT Average for Public, Private, and For-Profit Colleges, what would you conclude about the differences in the mean completion rates of the three types of colleges (public, private non-profit, and private for profit)? Assume that alpha is set at 0.05 and the alternative hypothesis is that the means are significantly different.

The table titled nova: single factor contains 2 tables. The table on the top contains 5 columns and 4 rows. The headings of columns 1 to 5 are as follows: groups; count; sum; average; variance. The row entries are as follows: row 2 - public; 668; 304.4049; 0.455695958; 0.032312755. Row 3 - private nonprofit; 1257; 682.7093; 0.543125935; 0.042450438. Row 4 - private for profit; 521; 198.6982; 0.381378503; 0.038350992. The table below titled Anova contains 7 columns and 5 rows. The headings of columns 1 to 7 are as follows: source of variation; S S; d f; M S; F; P-value; F crit. The row entries are as follows: row 2 - between groups; 10.4146521; 2; 5.207326049; 134.1747924; 0.000; 2.9994088. Row 3 - within groups; 94.81287291; 2443; 0.038810018; blank; blank; blank. Row 4 - blank; blank; blank; blank; blank; blank; blank. Row 5 - total; 105.227525; 2445; blank; blank; blank; blank.

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A correlation analysis was run in Excel to see how advertising expense was related to sales revenue. The output appears below.

The table contains 3 columns and 3 rows. The headings of columns 2 and 3 are as follows: advertising expense; sales revenue. The row entries are as follows: row 2 - advertising expense; 1; blank. Row 3 - sales revenue; 0.94383745; 1.

Which of the following statements are true?

  1. There is a weak relationship between advertising expense and sales revenue.
  2. There is a strong relationship between advertising expense and sales revenue.
  3. Advertising expense and sales revenue are positively related.
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What is the 75th percentile in the chart shown below?

The figure shows a box plot. The vertical axis shows the sales price ranging from $0 to $3,000 in increments of $500. The lower whisker has a value of $19.00. The first quartile has a value of $59.00. The median or the second quartile has a value of $149.00. Inside the box the mean value is X$624.40. The third quartile has a value of $949.00. The upper whisker has a value of $1,799.00. The outlier above the upper whisker has a value of $2,299.00. The outlier and maximum value is $2,599.00.

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What is the maximum Sales Price in the chart shown below?

The figure shows a box plot. The vertical axis shows the sales price ranging from $0 to $3,000 in increments of $500. The lower whisker has a value of $19.00. The first quartile has a value of $59.00. The median or the second quartile has a value of $149.00. Inside the box the mean value is X$624.40. The third quartile has a value of $949.00. The upper whisker has a value of $1,799.00. The outlier above the upper whisker has a value of $2,299.00. The outlier and maximum value is $2,599.00.

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