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A regression analysis was conducted to examine the relationship between quantity sold of a product and its price. The results show a negative correlation, with quantity sold decreasing as price increases.

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LAKSHMI J
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Download as XLSX, PDF, TXT or read online on Scribd
42 views

Data

A regression analysis was conducted to examine the relationship between quantity sold of a product and its price. The results show a negative correlation, with quantity sold decreasing as price increases.

Uploaded by

LAKSHMI J
Copyright
© © All Rights Reserved
Available Formats
Download as XLSX, PDF, TXT or read online on Scribd
You are on page 1/ 11

A marketing research firm tests the effectiveness of three new flavorings for a leading beverage using

divided randomly into three groups of 10 people each. Group 1 tastes flavor 1, group 2 tastes flavor 2 an
Each person is then given a questionnaire which evaluates how enjoyable the bevera
The scores are as below. Determine whether there is a perceived significant difference between t

Flavor 1 Flavor 2 Flavor 3


13 12 7
17 8 19
19 6 15
11 16 14
20 12 10
15 14 16
18 10 18
9 18 11
12 4 14
16 11 11
r a leading beverage using a sample of 30 people
group 2 tastes flavor 2 and group 3 tastes flavor 3.
how enjoyable the beverage was.
cant difference between the three flavorings.
A management school uses four different methods of teaching their students how to become a better pro
To find out, if there is any significant difference between the perfromance scores achieved using the four
It creates a sample of 8 students for each of the four methods.
The performance scores achieved by the participants in each group are as follows:

Method 1 Method 2 Method 3 Method 4


51 82 79 85
87 91 84 80
50 92 74 65
48 80 98 71
79 52 63 67
61 79 83 51
53 73 85 63
54 74 58 93
ow to become a better professional.
s achieved using the four methods.
ods.
are as follows:
Marketing Strategy Quantity Sold Preference for Fruit Juice
Marketing Strategy 1 492 4
512 5
459 6
447 7
480 4
490 4
247 6
444 5
583 4
452 4
464 4
559 5
504 5
510 5
528 6
570 6
534 6
387 7
557 7
474 5
Marketing Strategy 2 476 3
426 4
589 5
586 4
596 5
562 6
503 7
547 6
578 6
612 6
490 6
537 5
505 6
453 5
577 4
837 3
629 3
499 4
498 5
753 4
Marketing Strategy 3 577 5
586 3
618 3
465 3
512 4
652 5
585 5
738 6
581 5
597 5
805 3
685 3
727 4
699 5
815 6
766 5
710 4
802 3
718 4
688 5
Coding
Marketing Strategy; Quality = 1, Price = 2, Convenient = 3
Preference for Fruit Juice = 1 to 7 (1 = Least Preference; 7 = High Preference)
Student Maths English Science
1 89 68 89
2 87 74 90
3 99 89 99
4 100 90 85
5 96 84 96
6 100 82 100
SUMMARY OUTPUT

Regression Statistics
Multiple R 0.808452
R Square 0.653595
Adjusted R Squa 0.584314
Standard Error 835.6751 835.6751409
Observations 7

ANOVA
df SS MS F Significance F
Regression 1 6588235.294 6588235 9.433962 0.027737
Residual 5 3491764.706 698352.9
Total 6 10080000

CoefficientsStandard Error t Stat P-value Lower 95%Upper 95%Lower 95.0%


Upper 95.0%
Intercept 9323.529 972.0238937 9.591873 0.000209 6824.862 11822.2 6824.862 11822.2
Price -823.5294 268.121751 -3.071476 0.027737 -1512.758 -134.3005 -1512.758 -134.3005

RESIDUAL OUTPUT PROBABILITY OUTPUT

Observation
Predicted Quantity Sold
Residuals
Standard Residuals PercentileQuantity Sold
1 7676.471 823.5294118 1.079524 7.142857 4700
2 5205.882 -505.8823529 -0.663136 21.42857 5600
3 6852.941 -1052.941176 -1.380248 35.71429 5800
4 7676.471 -276.4705882 -0.362412 50 6200
5 5205.882 994.1176471 1.30314 64.28571 7300
6 6852.941 447.0588235 0.586027 78.57143 7400
7 6029.412 -429.4117647 -0.562895 92.85714 8500
Price Line Fit Plot
10000
Quantity Sold

8000
6000 Quantity Sold
4000 Predicted Quantity
2000 Sold
0
$- $2.00 $4.00 $6.00
Price

Upper 95.0%
Normal Probability Plot
10000
Quantity Sold

8000
6000
4000
2000
0
0 10 20 30 40 50 60 70 80 90 100
Sample Percentile
Quantity Sold Price Advertising
8500 $ 2.00 $ 2,800.00
4700 $ 5.00 $ 200.00
5800 $ 3.00 $ 400.00
7400 $ 2.00 $ 500.00
6200 $ 5.00 $ 3,200.00
7300 $ 3.00 $ 1,800.00
5600 $ 4.00 $ 900.00

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