• We’re currently investigating an issue related to the forum theme and styling that is impacting page layout and visual formatting. The problem has been identified, and we are actively working on a resolution. There is no impact to user data or functionality, this is strictly a front-end display issue. We’ll post an update once the fix has been deployed. Thanks for your patience while we get this sorted.

Need stat help!

Store Square Feet Annual Sales
1.00 1.70 3.70
2.00 1.60 3.90
3.00 2.80 6.70
4.00 5.60 9.50
5.00 1.30 3.40
6.00 2.20 5.60
7.00 1.30 3.70
8.00 1.10 2.70
9.00 3.20 5.50
10.00 1.50 2.90
11.00 5.20 10.70
12.00 4.60 7.60
13.00 5.80 11.80
14.00 3.00 4.10

Using the data above, compute the following:
1 Covariance between Square Feet and Annual Sales
2 Correlation between Square Feet and Annual Sales
3 The variance of Square Feet (using n-1 and n)
4 The standard deviation of Annual Sales (using n-1 and n)
5 What is the sum of all Square Feet observations?
6 Create a new column of Annual Sales that are sorted from high to low
7 What is the range of Annual Sales?
8 What is the average number of Square Feet (compute the mean)?
9 Create a scatter diagram of Annual Sales (on the vertical) and Square Feet (on the Horizontal)
10 Provide both the intercept and slope of a simple linear regression model using this data
11 Is there a significant relationship between Annual Sales and Square Feet? How do you determine if there is a significant relationship?

Show all numerical results with four digits to the right of the decimal
 
dude, just dump that all into Excel and use the VBA pack to get the ans.

=stdev
=mean or it is =avg?
=median or is there none for this, lol

11. - look at the t-stat or z-stat?
 
Not sure why I would do your homework for you, but I enjoy stats and do the easy ones.

4. Use regular std deviation equation, once for n and once for n-1
5. JUST ADD UP SQUARE FEET.
6. NEW COLUMUN SORT (I would do this but my minitab lincese has expired)
7. Range = highest ob - lower (duh)
8. Compute mean, real easy
9. Minitab FTW.
10. Do SLR, use graph
11. Based on R(squared) judge level of relationship.
 
I have no clue how to use minitab or excel. Can anybody PM me or post here on how to get these "formulas" into excel/minitab?

Thing is, I'm not in a stat class, but the teachers gave this to us to be quizzed on before we go into the business college. Why? I have no clue.
 
Back
Top