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  • Worksheet 10 Regression and Correlation Analysis

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    RICA CLEO GADIN
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    The document is a worksheet problem involving simple regression and correlation analysis using data from a pharmaceutical company. It asks the student to: 1) Sketch a scatter plot of amount spent on medical missions vs. sales to see if they are related; 2) Develop a regression equation relating the two variables; 3) Use the equation to predict revenue if $400,000 is spent on a medical mission; and 4) Calculate and interpret the correlation coefficient.

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    WORKSHEET 10 REGRESSION AND CORRELATION ANALYSIS

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    The document is a worksheet problem involving simple regression and correlation analysis using data from a pharmaceutical company. It asks the student to: 1) Sketch a scatter plot of amount spent on medical missions vs. sales to see if they are related; 2) Develop a regression equation relating the two variables; 3) Use the equation to predict revenue if $400,000 is spent on a medical mission; and 4) Calculate and interpret the correlation coefficient.

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

    Worksheet 10 Regression and Correlation Analysis

    Uploaded by

    RICA CLEO GADIN
    The document is a worksheet problem involving simple regression and correlation analysis using data from a pharmaceutical company. It asks the student to: 1) Sketch a scatter plot of amount spent on medical missions vs. sales to see if they are related; 2) Develop a regression equation relating the two variables; 3) Use the equation to predict revenue if $400,000 is spent on a medical mission; and 4) Calculate and interpret the correlation coefficient.

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    © All Rights Reserved
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    NAME: ________________________________GRADE AND BLOCK #:______________

    WORKSHEET NO. 10
    UNIT 4: SIMPLE REGRESSION AND CORRELATION ANALYSIS
    Sub-Unit 4: Simple Regression and Correlation
    Problem Solving:
    1. JM Corporation owns several pharmaceutical companies. The strategic planner
    believes that the amount spends on a national medical mission sponsored by the
    firm is a predictor of a firm’s revenue. The following sales are gathered.

    Required:
    a. Sketch a scatter plot diagram to see whether the amount spent on a medical
    mission has something to do with sales.
    b. Develop a regression equation.
    c. If the firm goes in a more aggressive move spending around Php400, 000 in the
    medical mission, determine the possible revenue.
    d. Calculate the correlation coefficient and interpret it.

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