Would a data series that contains values grouped into 10 categories be better displayed as a pie chart or a column chart?
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Would a data series that contains values grouped into 10 categories be better displayed as a pie chart or a column chart?
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- The Baker Company wants to develop a budget to predict how overhead costs vary with activity levels. Management is trying to decide whether direct labor hours (DLH) or units produced is the better measure of activity for the firm. Monthly data for the preceding 24 months appear in the file P13_40.xlsx. Use regression analysis to determine which measure, DLH or Units (or both), should be used for the budget. How would the regression equation be used to obtain the budget for the firms overhead costs?Would a data series that contains values grouped into 10 categories be better displayed as a pie chart or a column chart? explain whyA column chart can sometimes be used instead of a line chart for time series data. Select one: True False
- Which of the following graphical presentations is not appropriate for numerical data? histogram pie chart time-series plot scatter plotBill Kime's bowling ball factory makes bowling balls of adult size and weight only. The standard deviation in the weight of a bowling ball produced at the factory is known to be 0.39 pounds. Each day for 24 days, the average weight, in pounds, of 9 of the bowling balls produced that day has been assessed as follows Day 1 2 3 4 5 6 Average (lb) 9.9 9.9 10.1 10.1 99 99 Day 7 8 9 10 11 12 Average (lb) Day Average (b) 13 14 15 16 17 18 10.1 10.0 10.0 10.1 10.1 10.0 9.9 10.1 10.1 10.0 10.1 10.1 Day 19 20 21 22 23 24 Average (lb) 99 10.0 10.1 9.9 10.0 10.0 a) Establish a control chart for monitoring the average weights of the bowling balls in which the upper and lower control limits are each two standard deviations from the mean What are the values of the control limits? Upper Control Limit (UCL)=b (Round your response to two decimal places)A technique for the study of interrelationships among variables, usually for the purposes of data reduction and the discovery of underlying constructs or latent dimensions is known as: a. Factor Analysis b. Structural Model Analysis c. Multiple linear regression d. Reliability Analysis
- The fundamental difference between cycles and seasonality is the: Select one: a. random variations b. the duration of the repeated patterns. c. operating variations d. ability to attribute the pattern to a cause.Prior to conducting double exponential smoothing a simple linear regression is conducted and the trend equation is Y=42+38.3t, so the smoothed constant process value should be C0=38.3 and the smoothed trend value should be T0=42.? TRUE OR FALSE?When might a researcher wish to randomize both question order and the order of responses? Provide an example.
- 3) The major variable is the central idea of the entire literature. Its sub-variables help specify which particular aspect of the major variable is being referred to. The indicators, on the other hand, are specific information that describes the sub-variables. Examples: Major variable: Study habits Sub-variable: Time required for studying, methods of studying, and place for studying Indicators: Employing patterned time intervals for effective studying: using mnemonics in memorizing the terms; and studying in one's ideal environment Instructions: Identify the major variables, sub-variables, and indicators of the examples of literature review. Example 3: On leadership Competencies and Management Skills (refer to the photo for the details)Patients at North Shore Family Practice are required to fill out a questionnaire that gives the doctor an overall idea of each patient’s health. The first question is: “In general, what is the quality of your health?” The patient chooses Excellent, Good, Fair, or Poor. A portion of the 150 responses is as follows: Response Quality 1 Fair 2 Good ⋮ ⋮ 150 Good picture Click here for the Excel Data File a-1. Construct the frequency distribution that summarizes the results from the questionnaire. a-2. What is the most common response to the questionnaire? multiple choice 1 Poor Fair Good Excellent b. Which of the above figures best represents the bar chart for Quality?1.The reported unemployment is 5.5% of the population. What measurement scale is used to measure unemployment? Interval Nominal Ordinal Ratio 2.Which one of the following is NOT an example of discrete data? Number of employees reporting in sick Number of households watching the Home Shopping Network Number of miles between New York City and Chicago Number of members of the Denver Lions Club