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    Correlation and Linear Regression: Day Revenue Occupied Day Revenue Occupied

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    valen marta
    This document contains examples of using correlation and linear regression analysis to analyze relationships between variables. It includes questions about analyzing correlations between engine size and emissions for cars, the relationship between hotel room occupancy and restaurant revenue, the association between total US car sales and GM's market share, and whether the correlation between office space per worker and rental rates indicates a negative association. The questions involve calculating and interpreting correlation coefficients and determining if relationships are statistically significant.

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    Correlation and Linear Regression: Day Revenue Occupied Day Revenue Occupied

    Uploaded by

    valen marta
    163 views1 page
    This document contains examples of using correlation and linear regression analysis to analyze relationships between variables. It includes questions about analyzing correlations between engine size and emissions for cars, the relationship between hotel room occupancy and restaurant revenue, the association between total US car sales and GM's market share, and whether the correlation between office space per worker and rental rates indicates a negative association. The questions involve calculating and interpreting correlation coefficients and determining if relationships are statistically significant.

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    DOUGLA_1-432

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    This document contains examples of using correlation and linear regression analysis to analyze relationships between variables. It includes questions about analyzing correlations between engine size and emissions for cars, the relationship between hotel room occupancy and restaurant revenue, the association between total US car sales and GM's market share, and whether the correlation between office space per worker and rental rates indicates a negative association. The questions involve calculating and interpreting correlation coefficients and determining if relationships are statistically significant.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    163 views1 page

    Correlation and Linear Regression: Day Revenue Occupied Day Revenue Occupied

    Uploaded by

    valen marta
    This document contains examples of using correlation and linear regression analysis to analyze relationships between variables. It includes questions about analyzing correlations between engine size and emissions for cars, the relationship between hotel room occupancy and restaurant revenue, the association between total US car sales and GM's market share, and whether the correlation between office space per worker and rental rates indicates a negative association. The questions involve calculating and interpreting correlation coefficients and determining if relationships are statistically significant.

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    CORRELATION AND LINEAR REGRESSION

    407

    39. An Environmental Protection Agency study of 12 automobiles revealed a correlation of 0.47


    between engine size and emissions. At the .01 significance level, can we conclude that
    there is a positive association between these variables? What is the p-value? Interpret.
    40. A suburban hotel derives its revenue from its hotel and restaurant operations. The
    owners are interested in the relationship between the number of rooms occupied on a
    nightly basis and the revenue per day in the restaurant. Below is a sample of 25 days
    (Monday through Thursday) from last year showing the restaurant income and number
    of rooms occupied.

    Day Revenue Occupied Day Revenue Occupied


      1 $1,452 23 14 $1,425 27
      2 1,361 47 15   1,445 34
      3 1,426 21 16   1,439 15
      4 1,470 39 17   1,348 19
      5 1,456 37 18   1,450 38
      6 1,430 29 19   1,431 44
      7 1,354 23 20   1,446 47
      8 1,442 44 21   1,485 43
      9 1,394 45 22   1,405 38
    10 1,459 16 23   1,461 51
    11 1,399 30 24   1,490 61
    12 1,458 42 25   1,426 39
    13 1,537 54

    Use a statistical software package to answer the following questions.


    a. Does the revenue seem to increase as the number of occupied rooms increases?
    Draw a scatter diagram to support your conclusion.
    b. Determine the correlation coefficient between the two variables. Interpret the value.
    c. Is it reasonable to conclude that there is a positive relationship between revenue and
    occupied rooms? Use the .10 significance level.
    d. What percent of the variation in revenue in the restaurant is accounted for by the
    number of rooms occupied?
    41. The table below shows the number of cars (in millions) sold in the United States for
    various years and the percent of those cars manufactured by GM.

    Year Cars Sold (millions) Percent GM Year Cars Sold (millions) Percent GM
    1950 6.0 50.2 1985 15.4 40.1
    1955 7.8 50.4 1990 13.5 36.0
    1960 7.3 44.0 1995 15.5 31.7
    1965 10.3 49.9 2000 17.4 28.6
    1970 10.1 39.5 2005 16.9 26.9
    1975 10.8 43.1 2010 11.6 19.1
    1980 11.5 44.0 2015 17.5 17.6

    Use a statistical software package to answer the following questions.


    a. Is the number of cars sold directly or indirectly related to GM’s percentage of the
    market? Draw a scatter diagram to show your conclusion.
    b. Determine the correlation coefficient between the two variables. Interpret the value.
    c. Is it reasonable to conclude that there is a negative association between the two
    variables? Use the .01 significance level.
    d. How much of the variation in GM’s market share is accounted for by the variation in
    cars sold?
    42. For a sample of 40 large U.S. cities, the correlation between the mean number of square
    feet per office worker and the mean monthly rental rate in the central business district is
    −0.363. At the .05 significance level, can we conclude that there is a negative associa-
    tion between the two variables?

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