Assignment
Suppose you have collected the following sample data from twenty-six randomly selected Dallas area families regarding their Weekly Expenditures on Video Rentals and Weekly Expenditures on Dining Out:
|
Observation Number
|
Weekly Expenditures
|
|
Video Rentals
|
Dining Out
|
|
1
|
$12
|
$28
|
|
2
|
$12
|
$27
|
|
3
|
$6
|
$32
|
|
4
|
$13
|
$32
|
|
5
|
$7
|
$25
|
|
6
|
$10
|
$24
|
|
7
|
$8
|
$27
|
|
8
|
$4
|
$20
|
|
9
|
$4
|
$32
|
|
10
|
$13
|
$35
|
|
11
|
$5
|
$30
|
|
12
|
$9
|
$22
|
|
13
|
$12
|
$31
|
|
14
|
$9
|
$25
|
|
15
|
$12
|
$28
|
|
16
|
$4
|
$34
|
|
17
|
$14
|
$36
|
|
18
|
$10
|
$24
|
|
19
|
$5
|
$29
|
|
20
|
$18
|
$42
|
|
21
|
$15
|
$41
|
|
22
|
$6
|
$26
|
|
23
|
$6
|
$28
|
|
24
|
$4
|
$40
|
|
25
|
$11
|
$21
|
|
26
|
$9
|
$24
|
Explain your answers below in detail (use analytical tools such as correlation and regression when necessary)
• What is the relationship between weekly expenditures of video rentals and dining out?
• If you were to reach out to these households, what other data would you be interested in collecting in order to understand their consumption behavior?
• What other types of products do you think these families would be interested in?
Format your assignment according to the give formatting requirements:
• The answer must be using Times New Roman font (size 12), double spaced, typed, with one-inch margins on all sides.
• The response also includes a cover page containing the student's name, the title of the assignment, the course title, and the date. The cover page is not included in the required page length.
• Also include a reference page. The references and Citations should follow APA format. The reference page is not included in the required page length.