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  • in reply to: Important Assignment topics in marketing #15798

    admin
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    4P’s of Marketing
    Consumer Behavior
    Marketing Plan
    SWOT Analysis
    Strategic Marketing
    Internet Marketing
    Direct Marketing
    Supply Chain Management

    in reply to: Regression #15786

    admin
    Keymaster

    Answer:- 1
    The new correlation coefficient should be the same: R=0.34

    in reply to: Regression #15782

    admin
    Keymaster

    Answer:- 1
    1−(0.75)2=0.4375 or 43.75%

    in reply to: Regression #15779

    admin
    Keymaster

    Answer:- 1
    R2 = 1 - SSE / SST = 1-(0.139/3.008) = 95%

    in reply to: Regression #15775

    admin
    Keymaster

    Answer:-3
    For each additional year increase of husband’s age, we would expect the wife’s age to be 0.91 years higher, on average.

    in reply to: Exploratory Data Analysis #15719

    admin
    Keymaster
    in reply to: Price Elasticity of demand #15671

    admin
    Keymaster

    Answer: (C) the percentage change in price exceeds the percentage change in quantity demanded of a good
    Reason: the quantity demanded responds only slightly to changes in the price… or …% change in Quantity is less than % change in price and price Elasticity <1
    For inelastic demand.
    price elasticity of demand image 3
    In this fig percentage change in price from P1 to P2 exceeds the percentage change in quantity demanded of a good from Q1 to Q2.

    in reply to: Price Elasticity of demand #15666

    admin
    Keymaster

    Answer: (D) 15%
    Reason:
    price elasticity of demand image 2
    Elasticity=1.5,
    % change in price = $2.10- $1.90/ $2.10 * 100 = 9.5 %
    % change in quantity = % change in price * Elasticity
    = 0.095 * 1.5 = 0.143 or 14.3%

    in reply to: Price Elasticity of demand #15661

    admin
    Keymaster

    Answer: (A) 1.0
    Reason: Formula for price elasticity of demand is
    price elasticity of demand image 1
    Where Q1 is 1000 and Q2 is 1500 and P1 is $1.50 and P2 is $1.00
    (1500 – 1000) / (1000 + 1500) = 500 / 2500 = 500 * 2.5 = 12500 = ed = 1.00
    (1.00 – 1.50 ) / (1.50 + 1.00) .50 / 2.5 2500 * .50 12500

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    in reply to: plus size leather corsets and ease the oil #15627

    admin
    Keymaster

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