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    Week 2 HW Jason Wilkins

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    Jason Wilkins
    The document analyzes the relationship between Maroon 5 TV appearances and guitar sales, and between SAT scores and GPA for business students. It finds: 1) There is a positive linear relationship between Maroon 5 TV appearances and guitar sales, with an estimated increase of 0.66 guitars for each additional appearance. 2) For a student with a SAT score of 350, the predicted GPA is 2.22, and for a student with a score of 800, the predicted GPA is 3.75. 3) There is a meaningful positive relationship between SAT math scores and college GPAs for business students. Higher SAT scores are associated with higher GPAs.

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    Week 2 HW Jason Wilkins

    Uploaded by

    Jason Wilkins
    2K views2 pages
    The document analyzes the relationship between Maroon 5 TV appearances and guitar sales, and between SAT scores and GPA for business students. It finds: 1) There is a positive linear relationship between Maroon 5 TV appearances and guitar sales, with an estimated increase of 0.66 guitars for each additional appearance. 2) For a student with a SAT score of 350, the predicted GPA is 2.22, and for a student with a score of 800, the predicted GPA is 3.75. 3) There is a meaningful positive relationship between SAT math scores and college GPAs for business students. Higher SAT scores are associated with higher GPAs.

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    Week 2 Decision Tools Homework

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    The document analyzes the relationship between Maroon 5 TV appearances and guitar sales, and between SAT scores and GPA for business students. It finds: 1) There is a positive linear relationship between Maroon 5 TV appearances and guitar sales, with an estimated increase of 0.66 guitars for each additional appearance. 2) For a student with a SAT score of 350, the predicted GPA is 2.22, and for a student with a score of 800, the predicted GPA is 3.75. 3) There is a meaningful positive relationship between SAT math scores and college GPAs for business students. Higher SAT scores are associated with higher GPAs.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    2K views2 pages

    Week 2 HW Jason Wilkins

    Uploaded by

    Jason Wilkins
    The document analyzes the relationship between Maroon 5 TV appearances and guitar sales, and between SAT scores and GPA for business students. It finds: 1) There is a positive linear relationship between Maroon 5 TV appearances and guitar sales, with an estimated increase of 0.66 guitars for each additional appearance. 2) For a student with a SAT score of 350, the predicted GPA is 2.22, and for a student with a score of 800, the predicted GPA is 3.75. 3) There is a meaningful positive relationship between SAT math scores and college GPAs for business students. Higher SAT scores are associated with higher GPAs.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 2

    JASON WILKINS – Week 2 Homework

    3/13/2015 Prof. Knopp

    4.24 Mark Gershon, owner of a musical instrument distributorship, thinks that demand for guitars may
    be related to the number of television appearances by the popular group Maroon 5 during the previous
    month. Mark has collected the data shown in the following table:

    Demand for Guitars 3 6 7 5 10 7


    Maroon 5 TV Appearances 347685

    (a) Graph these data to see whether a linear equation might describe the relationship between the
    group’s television shows and guitar sales. The points do cluster around the trend line, suggesting
    a possible correlation.

    Maroon 5 TV Appearances
    9
    8 y = 0.6585x + 1.3293 8
    7 7
    6 6
    5 5
    4 4
    3 3
    2
    1
    0
    0 2 4 6 8 10 12

    (b) Use the least-squares regression method to derive a forecasting equation.


    Our Formula: y = ax + b
    a = 0.65853658536585
    b = 1.3292682926829 = Y-Intercept
    Therefore, y = 0.659x + 1.33
    (c) What is your estimate for guitar sales if Maroon 5 performed on TV nine times last month?
    10 guitars
    (d) What are the correlation coefficient (r) and the coefficient of determination (r2) for this model,
    and what do they mean? r = .825 and r2 = .68 - They are a measure of the strength and direction
    of the linear relationship between the two variables
    4.46 Thirteen students entered the business program at Sante Fe College 2 years ago. The following
    table indicates what each student scored on the high school SAT math exam and their grade-point
    averages (GPAs) after students were in the Sante Fe program for 2 years:

    Student A B C D E F G H I J K L M
    SAT
    Score 421 377 585 690 608 390 415 481 729 501 613 709 366
    GPA 2.9 2.93 3 3.45 3.66 2.88 2.15 2.53 3.22 1.99 2.75 3.9 1.6

    SAT Scores & GPA


    800
    700
    600
    500
    400
    300
    200
    100
    0
    0 2 4 6 8 10 12 14

    SAT Score GPA

    (a) Is there a meaningful relationship between SAT math scores and grades?
    Yes, and a positive one.
    (b) If a student scores a 350, what do you think his or her GPA will be?
    Y(GPA) = 2.22
    (c) What about a student who scores 800?
    Y(GPA) = 3.75

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