The assignment content involves analyzing and solving various data mining problems, including decision-making systems, correlation analysis, and regression models. The first problem requires creating a simple decision-making system to automate processing of hotel expenses claims based on employee grade and hotel type. The second problem uses correlation analysis to measure the relationship between ice cream sales and sunglasses sold by a store. The third problem involves developing a rigorous analytical approach to business expansion decisions using a regression model to determine optimal store size and maximize sales per square foot.

The correlation coefficient for the comparison of price and shipments is high, suggesting that there is a strong positive relationship between the two variables.

Data Mining and Decision Making

Bivariate Correlation and Regression Answer 2022

In this assignment we will discuss about statistical Inference and below are the summaries point:-


	
	Aim: determine if Capital city fuel prices were often less than elsewhere in the state
	
	
	Statistical test used: independent sample t-test
	
	
	Hypotheses: H0 = Capital city mean fuel prices were not significantly less elsewhere in the state; H1 = Capital city mean fuel prices were significantly less elsewhere in the state
	
	
	Result: Null hypothesis is accepted, meaning Capital city fuel prices were often not less than elsewhere in the state.
	
	
	Aim: determine the relationship between unleaded 91 and diesel prices
	
	
	Methods used: scatter plot and simple regression
	
	
	Scatter plot used to visualize the relationship between variables
	
	
	Simple regression used to find the least square regression equation, which is Diesel = 0.7147 * (Unleaded 91) + 44.876
	
	
	Coefficient of correlation (Multiple R) = 0.599 and coefficient of determination (R square) = 0.3589, indicating a moderate positive relationship between the two variables and that 35.89% of the variability in diesel prices can be explained by the variability in unleaded 91 prices.
	


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Statistics and Probability

Statistical Inference and Regression and Correlation Task

Assignment

Social Science

This article discusses the relationship between sales and per capita consumption of alcohol using a scatter plot and simple linear regression analysis. It includes the line of best fit, coefficient of determination, hypothesis testing, and confidence intervals.

University of Rizal System

Simple Linear Regression Analysis for Sales and Survey per Capita Consumption

The assignment content consists of three problems: (2) Building a simple decision-making system for hotel expenses claims based on employee grade and hotel type, (1) Creating a short summary in paragraph form, and (3-5) Developing an analytical approach to business expansion decisions. The first problem requires the development of a regression equation using store size and annual sales data to determine optimal store size and maximize sales per square footage. The second problem asks for the solution of the regression equation, significance testing of the p-value and t-statistic, and setting up a decision analysis to determine whether management should go ahead with the project.

Data Science and Big Data

Artificial Intelligence

Regression Analysis and Decision Making

Report

Managerial Statistics

Hartpury University and Hartpury College

APPLIED   MANAGERIAL   STATISTICS

Mathematics-Statistics

This document covers topics such as carbon emissions, frequency distribution, time series plots in Statistics for Business. It includes explanations, tables, charts, and numerical summaries.

Data Mining and Decision Making

End of preview

Bivariate Correlation and Regression Answer 2022

Statistical Inference and Regression and Correlation Task

Simple Linear Regression Analysis for Sales and Survey per Capita Consumption

Regression Analysis and Decision Making

APPLIED MANAGERIAL STATISTICS

Statistics for Business: Carbon Emissions, Frequency Distribution, Time Series Plots

Data Mining and Decision Making

End of preview

Bivariate Correlation and Regression Answer 2022lg...

Statistical Inference and Regression and Correlation Tasklg...

Simple Linear Regression Analysis for Sales and Survey per Capita Consumptionlg...

Regression Analysis and Decision Makinglg...

APPLIED MANAGERIAL STATISTICSlg...

Statistics for Business: Carbon Emissions, Frequency Distribution, Time Series Plotslg...

Bivariate Correlation and Regression Answer 2022

Statistical Inference and Regression and Correlation Task

Simple Linear Regression Analysis for Sales and Survey per Capita Consumption

Regression Analysis and Decision Making

APPLIED MANAGERIAL STATISTICS

Statistics for Business: Carbon Emissions, Frequency Distribution, Time Series Plots