BUS 308 Week 4 Problem Set

Problem Set Week Four.

Problem One

The manager of a catering company is using the number of people in the party to predict the cost of the drinks that are required for the event. The following are the data for 12 recently catered events:

Complete the calculations below using this data. Show all of your work and clearly label each of your calculations.

a. Provide a scatterplot

b. Calculate a linear regression

c. Calculate the residuals

d. Calculate the correlation between the two variables

e. Calculate the mean, median, and standard deviation of the number of people and cost of drinks

For additional assistance with these calculations reference the Recommended Materials for Week Four.

Problem Two

You are a real estate agent and you are trying to predict home prices for your clients that want to list their house for sale. You have a very small city without much data. You will need to use the data that you have available for the past year on homes that have been sold.

Complete the calculations below using this data. Show all of your work and clearly label each of your calculations.

Conduct a multiple regression analysis to predict home prices. In your analysis complete the following:

a. Calculate the multiple regression analysis and report your data.

b. Determine the list price for your client’s home if it has three bedrooms, three bathrooms, and 1900 square footage. Provide your analysis and show all of your calculations.

For additional assistance with these calculations reference the Recommended Materials for Week Four.

Home Work Hour aims to provide quality study notes and tutorials to the students of BUS 308 Week 4 Problem Set in order to ace their studies.

BUS 308 Week 4 Problem Set

BUS 308 Week 4 Problem Set

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BUS 308 Week 4 Problem Set