(a) Consider the points scored by the Iowa Wolves team. (Round your answers to two decimal places.) What is the average of points scored? What is the standard deviation? What is the shape of the distribution? O uniform Obell-shaped O skewed left O skewed right (b) Consider the points scored by the Maine Red Claws. (Round your answers to two decimal places.) What is the average of points scored? What is the standard deviation?
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- The Iowa Wolves are scheduled to play against the Maine Red Claws in an upcoming game in the National Basketball Association (NBA) G League. Because a player in the NBA G League is still developing his skills, the number of points he scores in a game can vary substantially. Develop a spreadsheet model that simulates the points scored by each team. Assume that each player's point production can be represented as an integer uniform variable with the ranges provided in the following table. (Use at least 1,000 trials.) Player Iowa Wolves Maine Red Claws 1 [5, 20] [6, 12] 2 [7, 20] [15, 20] 3 [5, 10] [10, 20] 4 [10, 40] [15, 30] 5 [5, 20] [6, 10] 6 [4, 10] [1, 20] 7 [2, 5] [1, 4] 8 [2, 4] [2, 4] (a) Consider the points scored by the Iowa Wolves team. (Round your answers to two decimal places.) What is the average of points scored? What is the standard deviation? What is the shape of the distribution? uniformbell-shaped skewed leftskewed right (b)…The Iowa Wolves are scheduled to play against the Maine Red Claws in an upcoming game in the National Basketball Association (NBA) G League. Because a player in the NBA G League is still developing his skills, the number of points he scores in a game can vary substantially. Develop a spreadsheet model that simulates the points scored by each team. Assume that each player's point production can be represented as an integer uniform variable with the ranges provided in the following table. (Use at least 1,000 trials.) Player Iowa Wolves Maine Red Claws [5, 20] [8, 12] [7, 20] [15, 20] [5, 10] [10, 20] [10, 40] [15, 30] [5, 20] [4, 10] [4, 10] [2, 5] [2, 4] 1 2 3 4 5 6 7 8 What is the standard deviation? [1,20] [1,4] (a) Consider the points scored by the Iowa Wolves team. (Round your answers to two decimal places.) What is the average of points scored? What is the shape of the distribution? O uniform O bell-shaped O skewed left O skewed right [2, 4]The Iowa Wolves are scheduled to play against the Maine Red Claws in an upcoming game in the National Basketball Association (NBA) G League. Because a player in the NBA G League is still developing his skills, the number of points he scores in a game can vary substantially. Develop a spreadsheet model that simulates the points scored by each team. Assume that each player's point production can be represented as an integer uniform variable with the ranges provided in the following table. (Use at least 1,000 trials.) Player Iowa Wolves Maine Red Claws [5,20] [6, 12] [7,20] [15, 20] [5, 10] [10, 20] [10, 40] [15, 30] [7,20] [6, 10] [2, 10] [1,20] [2,5] [1,4] [2, 4] [2, 4] (a) Consider the points scored by the Iowa Wolves team. (Round your answers to two decimal places.) What is the average of points scored? 1 2 3 4 5 6 7 8 What is the standard deviation? What is the shape of the distribution? O uniform O bell-shaped O skewed left O skewed right
- Companies in the U.S. car rental market vary greatly in terms of the size of the fleet, the number of locations, and annual revenue. In 2011, Hertz had 320,000 cars in service and annual revenue of approximately $4.2 billion. Suppose the following data show the number of cars in service (1,000s) and the annual revenue ($ millions) for six smaller car rental companies. Cars Revenue Company (1,000s) ($ millions) Company A 11.5 120 Company B 10.0 137 Company C 9.0 102 Company D 5.5 37 Company E 4.2 38 Company F 3.3 34 (a) Develop a scatter diagram with the number of cars in service as the independent variable. 160 T 2 160 160 T 160- 140 140 140- 140 120 120 120 120- 100 100 100- 100- 80 80 80 80- 60 60 60 60 ... 40 ... 40 40 ... 40 20 20 20 20 4 6. 8 10 12 14 6. 8 10 12 14 2 4 8 10 12 14 4 8 10 12 14 Cars in Service (1,000s) Cars in Service (1,000s) Cars in Service (1,000s) Cars in Service (1,000s) (b) What does the scatter diagram developed in part (a) indicate about the relationship…Companies in the U.S. car rental market vary greatly in terms of the size of the fleet, the number of locations, and annual revenue. In 2011, Hertz had 320,000 cars in service and annual revenue of approximately $4.2 billion. Suppose the following data show the number of cars in service (1,000s) and the annual revenue ($ millions) for six smaller car rental companies. Cars Revenue Company (1,000s) ($ millions) Company A 11.5 120 Company B 10.0 137 Company C 9.0 102 Company D 5.5 39 Company E 4.2 40 Company F 3.3 30 (a) Develop a scatter diagram with the number of cars in service as the independent variable. 160 T 160- 1601 140 140 140 120- E 120- 120- 100 100 100- 80 80 80 CO 60 60 60 40 40 40 20 20 20- 6 8 10 12 14 4 6 8 10 12 14 Cars in Service (1,000s). ● 4 6 8 10 12 14 Cars in Service (1,000) 4 Cars in Service (1,000) Ⓡ 0 4 6 8 10 14 O Cars in Service (1,000) (b) What does the scatter diagram developed in part (a) indicate about the relationship between the two variables? O There…Companies in the U.S. car rental market vary greatly in terms of the size of the fleet, the number of locations, and annual revenue. In 2011, Hertz had 320,000 cars in service and annual revenue of approximately $4.2 billion. Suppose the following data show the number of cars in service (1,000s) and the annual revenue ($ millions) for six smaller car rental companies. Cars Revenue Company (1,000s) ($ millions) Company A 11.5 118 Company B 10.0 137 Company C 9.0 102 Company D 5.5 39 Company E 4.2 40 Company F 3.3 32 (a) Develop a scatter diagram with the number of cars in service as the independent variable. 160T 160T 140 140 120 . 120 100- 100 80 80- 60 60 . 40 40 20 20- 4 6 8 10 Cars in Service (1,000) 0 6 8 10 0 4 6 8 10 12 14 Cars in Service (1,000) Cars in Service (1,000) (b) What does the scatter diagram developed in part (a) indicate about the relationship between the two variables? O There appears to be a negative linear relationship between cars in service (1,000s) and annual…
- Companies in the U.S. car rental market vary greatly in terms of the size of the fleet, the number of locations, and annual revenue. In 2011, Hertz had 320,000 cars in service and annual revenue of approximately $4.2 billion. Suppose the following data show the number of cars in service (1,000s) and the annual revenue ($ millions) for six smaller car rental companies. Cars Revenue Company (1,000s) ($ millions) Company A 11.5 120 Company B 10.0 137 Company C 9.0 98 Company D 5.5 35 Сompany E 4.2 40 Company F 3.3 32 (a) Develop a scatter diagram with the number of cars in service as the independent variable. 合160, 140- 160 160, 160, 140- 120- 140 140- 120 120 120 100 100 100 100 80 80 80 80 60 60 60 60 ... 40- 20- 40 .. 40 ... 40 20- 20- 20- 6 10 12 2 6 8 10 12 2 6 10 12 2 14 4 14 4 14 6 8 10 12 14 Cars in Service (1,000s) Cars in Service (1,000s) Cars in Service (1,000s) Cars in Service (1,000s) (b) What does the scatter diagram developed in part (a) indicate about the relationship…Companies in the U.S. car rental market vary greatly in terms of the size of the fleet, the number of locations, and annual revenue. In 2011, Hertz had 320,000 cars in service and annual revenue of approximately $4.2 billion. Suppose the following data show the number of cars in service (1,000s) and the annual revenue ($ millions) for six smaller car rental companies. Cars Revenue Company (1,000s) ($ millions) Company A 11.5 116 Company B 10.0 137 Company C 9.0 102 Company D 5.5 39 Company E 4.2 40 Company F 3.3 34 (a) Develop a scatter diagram with the number of cars in service as the independent variable. 160- 140- 160 160 160 120 140- 140- 140 100 120 120- 120- 80 100 100- 100- 60 80 80 80 40 60 60 60 20 40 40 40 20 20 20 4 6 8 10 12 14 2 4 6 8 10 12 14 2 4 6 8 10 12 14 4 6 8 10 12 14 Cars in Service (1,000s) Cars in Service (1,000s) Cars in Service (1,000s) Cars in Service (1,000s) (b) What does the scatter diagram developed in part (a) indicate about the relationship between the…Companies in the U.S. car rental market vary greatly in terms of the size of the fleet, the number of locations, and annual revenue. In 2011, Hertz had 320,000 cars in service and annual revenue of approximately $4.2 billion. Suppose the following data show the number of cars in service (1,000s) and the annual revenue ($ millions) for six smaller car rental companies. Cars Revenue Company (1,000s) ($ millions) Company A 11.5 120 Company B 10.0 133 Company C 9.0 102 Company D 5.5 37 Company E 4.2 42 Company F 3.3 34 (a) Develop a scatter diagram with the number of cars in service as the independent variable. 160T 160T 160 160- 140- 140 140 140 120 120 120 120- 100 100 100 100- 80 80 80 80 60 60 60 60 .. . 40 40 .. 40 40 20 20 20 20 4 6 8 10 12 14 2 4 8 10 12 14 2 4 6 8 10 12 14 2 4 6 8 10 12 14 Cars in Service (1,000s) Cars in Service (1,000s) Cars in Service (1,000s) Cars in Service (1,000s) (b) What does the scatter diagram developed in part (a) indicate about the relationship between…
- Giovanni Food Products produces and sells frozen pizzas to public schools throughout the eastern United States. Using a very aggressive marketing strategy they have been able to increase their annual revenue by approximately $10 million over the past 10 years. But increased competition has slowed their growth rate in the past few years. The annual revenue, in millions of dollars, for the previous 10 years is contained in the Excel Online file below. Construct a spreadsheet to answer the following questions.Companies in the U.S. car rental market vary greatly in terms of the size of the fleet, the number of locations, and annual revenue. In 2011, Hertz had 320,000 cars in service and annual revenue of approximately $4.2 billion. Suppose the following data show the number of cars in service (1,000s) and the annual revenue ($ millions) for six smaller car rental companies. Company Cars (1,000s) Revenue ($ millions) Company A 11.5 116 Company B 10 137 Company C 9 102 Company D 5.5 39 Company E 4.2 38 Company F 3.3 30 (a) Develop a scatter diagram with the number of cars in service as the independent variable. (b) What does the scatter diagram developed in part (a) indicate about the relationship between the two variables? (c) Use the least squares method to develop the estimated regression equation that can be used to predict annual revenue (in $ millions) given the number of cars in service (in 1,000s). (Round your numerical values to three decimal…Companies in the U.S. car rental market vary greatly in terms of the size of the fleet, the number of locations, and annual revenue. In 2011, Hertz had 320,000 cars in service and annual revenue of approximately $4.2 billion. Suppose the following data show the number of cars in service (1,000s) and the annual revenue ($ millions) for six smaller car rental companies. Company Cars(1,000s) Revenue($ millions) Company A 11.5 118 Company B 10.0 137 Company C 9.0 102 Company D 5.5 39 Company E 4.2 40 Company F 3.3 32 (a) Develop a scatter diagram with the number of cars in service as the independent variable. A scatter diagram has 6 points plotted on it. The horizontal axis ranges from 0 to 14 and is labeled: Cars in Service (1,000s). The vertical axis ranges from 0 to 160 and is labeled: Annual Revenue ($ millions). The points are plotted from left to right in an upward, diagonal direction starting from the lower left corner of the diagram and are between 3 to 12 on…