### Create an Account

Home / Questions / On an excel sheet answer the following questions Q Quantity in 100s of aspirin purchased ...

# On an excel sheet answer the following questions Q Quantity in 100s of aspirin purchased in a year P= Average price of aspirin in that year Y=Annual income A Age of buyer

On an excel sheet answer the following questions:

Q=Quantity (in 100s) of aspirin purchased in a year

P= Average price of aspirin in that year

Y=Annual income

Q1. If we divide the population into two groups, up to age 35 and over age 35, which group purchases more aspirin?

Q2. Divide the population into three groups- up to age 30, over 30 and up to 45, and over 45. Do the purchases vary by age?

Q3. What is the relationship in a regression analysis between Q and P? Between Q and Y? Between Q and A?

 Observation Q P Y A 1 1 1.5 20 25 2 2 1.5 40 20 3 4 1 12 25 4 2 1 10 30 5 2 1 8 30 6 3 2 30 35 7 3.5 1.5 30 40 8 4 2 20 40 9 7 1 20 45 10 1 3 15 40 11 2 2 18 30 12 3 2 20 32 13 3.5 2 15 36 14 4 2 10 30 15 2 3 25 20

May 26 2020 View more View Less